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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 5,626 shares, a drop of 67.8% from the December 31st total of 17,492 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 11,583 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 11,583 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

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

Several hedge funds have recently modified their holdings of BKMC. JPMorgan Chase & Co. bought a new position in BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter worth approximately $57,000. Raymond James Financial Inc. bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the second quarter worth $60,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the third quarter valued at $226,000. Key Financial Inc raised its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.4% during the second quarter. Key Financial Inc now owns 3,713 shares of the company’s stock valued at $380,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock worth $438,000 after purchasing an additional 2,349 shares during the period.

BNY Mellon US Mid Cap Core Equity ETF Trading Down 0.9%

Shares of BNY Mellon US Mid Cap Core Equity ETF stock traded down $0.99 during trading hours on Friday, reaching $114.35. 8,795 shares of the company’s stock were exchanged, compared to its average volume of 19,455. BNY Mellon US Mid Cap Core Equity ETF has a 52-week low of $82.26 and a 52-week high of $118.10. The company has a fifty day moving average of $112.00 and a 200-day moving average of $108.72. The firm has a market capitalization of $634.64 million, a price-to-earnings ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were issued a $0.4651 dividend. This is a positive change from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, December 29th. This represents a $1.86 annualized dividend and a yield of 1.6%.

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.