BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Stock Short Interest Climbs 71.6%

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,739 shares, a growth of 71.6% from the September 15th total of 1,596 shares. Based on an average daily volume of 54,804 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

Shares of BKMC traded down $0.52 on Friday, reaching $38.38. The company’s stock had a trading volume of 16,851 shares, compared to its average volume of 85,160. The stock’s 50 day simple moving average is $40.12 and its two-hundred day simple moving average is $39.80. The stock has a market capitalization of $633.65 million, a P/E ratio of 19.73 and a beta of 1.02. BNY Mellon US Mid Cap Core Equity ETF has a 12-month low of $34.30 and a 12-month high of $42.07.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1386 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775.

Hedge Funds Weigh In On BNY Mellon US Mid Cap Core Equity ETF

Institutional investors have recently bought and sold shares of the stock. Patriot Investment Management Group Inc. increased its position in BNY Mellon US Mid Cap Core Equity ETF by 200.0% in the third quarter. Patriot Investment Management Group Inc. now owns 6,000 shares of the company’s stock worth $232,000 after buying an additional 4,000 shares in the last quarter. Krilogy Financial LLC boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 198.2% in the third quarter. Krilogy Financial LLC now owns 6,591 shares of the company’s stock worth $256,000 after purchasing an additional 4,381 shares during the period. Citadel Advisors LLC boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 53.7% in the second quarter. Citadel Advisors LLC now owns 7,428 shares of the company’s stock worth $920,000 after purchasing an additional 2,594 shares during the period. Arlington Trust Co LLC bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the second quarter worth approximately $156,000. Finally, Cetera Investment Advisers increased its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.9% in the first quarter. Cetera Investment Advisers now owns 9,554 shares of the company’s stock worth $1,054,000 after purchasing an additional 613 shares in the last quarter.

About BNY Mellon US Mid Cap Core Equity ETF

The BNY Mellon US Mid Cap Core Equity ETF (BKMC) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market-cap weighted index of US mid-cap stocks that covers the bottom 10-30% market capitalization. BKMC was launched on Apr 9, 2020 and is managed by BNY Mellon.