BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Stock Short Interest Drops 49.9%

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 269,948 shares, a decrease of 49.9% from the September 30th total of 538,415 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,024,906 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BNY Mellon US Large Cap Core Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of BKLC. Kestra Advisory Services LLC boosted its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 9.9% in the 1st quarter. Kestra Advisory Services LLC now owns 148,706 shares of the company’s stock valued at $18,560,000 after buying an additional 13,357 shares during the period. David Kennon Inc grew its position in shares of BNY Mellon US Large Cap Core Equity ETF by 204.5% during the 3rd quarter. David Kennon Inc now owns 61,250 shares of the company’s stock valued at $2,993,000 after buying an additional 41,135 shares during the last quarter. IFP Advisors Inc grew its position in shares of BNY Mellon US Large Cap Core Equity ETF by 263.4% during the 3rd quarter. IFP Advisors Inc now owns 183,174 shares of the company’s stock valued at $8,950,000 after buying an additional 132,766 shares during the last quarter. Optiver Holding B.V. acquired a new stake in BNY Mellon US Large Cap Core Equity ETF during the first quarter worth about $2,621,000. Finally, Integrated Wealth Concepts LLC raised its stake in BNY Mellon US Large Cap Core Equity ETF by 1.9% during the second quarter. Integrated Wealth Concepts LLC now owns 2,945,201 shares of the company’s stock worth $422,312,000 after acquiring an additional 55,455 shares during the period.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

Shares of BKLC stock traded down $0.84 during mid-day trading on Friday, reaching $48.29. 1,278,815 shares of the company were exchanged, compared to its average volume of 710,824. BNY Mellon US Large Cap Core Equity ETF has a fifty-two week low of $40.21 and a fifty-two week high of $50.01. The company has a market capitalization of $6.81 billion, a P/E ratio of 25.44 and a beta of 1.02. The business’s 50 day simple moving average is $49.09 and its 200 day simple moving average is $46.54.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.1260 per share. This is a negative change from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. The ex-dividend date was Thursday, October 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%.

BNY Mellon US Large Cap Core Equity ETF Company Profile

The BNY Mellon US Large Cap Core Equity ETF (BKLC) is an exchange-traded fund that is based on the Morningstar U.S. Large Cap index, a market-cap-weighted index of large-cap stocks that represent the top 70% of the US equity market, in terms of capitalization. BKLC was launched on Apr 9, 2020 and is managed by BNY Mellon.