BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sees Large Increase in Short Interest

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 538,415 shares, an increase of 82.9% from the September 15th total of 294,327 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 459,255 shares, the days-to-cover ratio is presently 1.2 days.

BNY Mellon US Large Cap Core Equity ETF Trading Down 1.2%

BKLC stock traded down $0.59 during midday trading on Friday, reaching $48.74. 340,350 shares of the company’s stock traded hands, compared to its average volume of 714,291. BNY Mellon US Large Cap Core Equity ETF has a 52-week low of $40.21 and a 52-week high of $50.01. The stock has a market cap of $6.60 billion, a P/E ratio of 25.44 and a beta of 1.02. The stock’s 50-day moving average is $49.15 and its 200 day moving average is $47.53.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

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

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

Several institutional investors and hedge funds have recently bought and sold shares of BKLC. WealthBridge Capital Management LLC increased its position in BNY Mellon US Large Cap Core Equity ETF by 207.5% in the third quarter. WealthBridge Capital Management LLC now owns 479,096 shares of the company’s stock worth $23,409,000 after buying an additional 323,273 shares in the last quarter. Triumph Capital Management raised its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 200.0% in the third quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $117,000 after buying an additional 1,600 shares during the period. Wealth Forward LLC raised its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 117.6% in the third quarter. Wealth Forward LLC now owns 78,033 shares of the company’s stock worth $3,813,000 after buying an additional 42,168 shares during the period. Define Financial LLC lifted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 200.8% during the 3rd quarter. Define Financial LLC now owns 5,183 shares of the company’s stock valued at $253,000 after buying an additional 3,460 shares in the last quarter. Finally, Krilogy Financial LLC lifted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 199.3% during the 3rd quarter. Krilogy Financial LLC now owns 20,853 shares of the company’s stock valued at $1,038,000 after buying an additional 13,885 shares in the last quarter.

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.