BNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE) Sees Significant Increase in Short Interest

BNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 12,503 shares, a growth of 672.7% from the December 31st total of 1,618 shares. Based on an average trading volume of 3,107 shares, the days-to-cover ratio is presently 4.0 days. Currently, 2.3% of the company’s stock are sold short. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 3,107 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BKSE. Raymond James Financial Inc. bought a new stake in shares of BNY Mellon US Small Cap Core Equity ETF in the 2nd quarter valued at approximately $81,000. Elm3 Financial Group LLC bought a new position in BNY Mellon US Small Cap Core Equity ETF during the fourth quarter worth $200,000. Fifth Third Wealth Advisors LLC acquired a new position in BNY Mellon US Small Cap Core Equity ETF in the third quarter worth $265,000. Park Avenue Securities LLC acquired a new position in BNY Mellon US Small Cap Core Equity ETF in the second quarter worth $270,000. Finally, Osaic Holdings Inc. increased its stake in BNY Mellon US Small Cap Core Equity ETF by 11.4% during the second quarter. Osaic Holdings Inc. now owns 4,866 shares of the company’s stock valued at $486,000 after purchasing an additional 496 shares during the last quarter.

BNY Mellon US Small Cap Core Equity ETF Stock Down 0.4%

Shares of BKSE traded down $0.51 during midday trading on Wednesday, hitting $119.12. The company had a trading volume of 3,699 shares, compared to its average volume of 2,750. The stock has a market cap of $65.52 million, a price-to-earnings ratio of 15.47 and a beta of 1.11. The company’s 50 day moving average price is $115.48 and its 200 day moving average price is $110.31. BNY Mellon US Small Cap Core Equity ETF has a 52 week low of $79.54 and a 52 week high of $124.00.

BNY Mellon US Small Cap Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were issued a $0.4435 dividend. This is an increase from BNY Mellon US Small Cap Core Equity ETF’s previous quarterly dividend of $0.40. This represents a $1.77 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 29th.

About BNY Mellon US Small Cap Core Equity ETF

The BNY Mellon US Small Cap Core Equity ETF (BKSE) is an exchange-traded fund that is based on the Morningstar US Small Cap index, a market-cap-weighted index of small-cap stocks that cover the bottom 3-10% capitalization of the US equity market. BKSE was launched on Apr 9, 2020 and is managed by BNY Mellon.