BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Large Decline in Short Interest

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 988 shares, a decrease of 89.9% from the October 15th total of 9,742 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 16,307 shares, the days-to-cover ratio is presently 0.1 days.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

NYSEARCA BKMC traded down $0.03 during mid-day trading on Friday, reaching $39.50. 17,424 shares of the stock were exchanged, compared to its average volume of 79,020. The stock has a 50 day simple moving average of $39.29 and a 200-day simple moving average of $39.40. BNY Mellon US Mid Cap Core Equity ETF has a one year low of $34.30 and a one year high of $42.07. The stock has a market cap of $651.77 million, a P/E ratio of 18.57 and a beta of 1.01.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Insigneo Advisory Services LLC increased its position in BNY Mellon US Mid Cap Core Equity ETF by 200.0% in the 3rd quarter. Insigneo Advisory Services LLC now owns 14,862 shares of the company’s stock valued at $574,000 after buying an additional 9,908 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in BNY Mellon US Mid Cap Core Equity ETF in the third quarter worth approximately $911,000. Fifth Third Wealth Advisors LLC boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 200.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the company’s stock worth $241,000 after acquiring an additional 4,168 shares in the last quarter. Sunrise Financial Services LLC grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 182.5% in the third quarter. Sunrise Financial Services LLC now owns 13,972 shares of the company’s stock valued at $539,000 after acquiring an additional 9,026 shares during the period. Finally, RPOA Advisors Inc. grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 205.3% in the third quarter. RPOA Advisors Inc. now owns 10,564,518 shares of the company’s stock valued at $407,685,000 after acquiring an additional 7,104,670 shares during the period.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

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.