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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 17,492 shares, a growth of 770.7% from the December 15th total of 2,009 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 16,455 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 16,455 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.3%

BKMC stock opened at $115.18 on Tuesday. The firm has a market cap of $650.77 million, a PE ratio of 19.73 and a beta of 1.06. BNY Mellon US Mid Cap Core Equity ETF has a 1 year low of $82.26 and a 1 year high of $115.18. The company has a fifty day simple moving average of $109.43 and a 200 day simple moving average of $107.64.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were paid a dividend of $0.4651 per share. This is a boost 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 dividend yield of 1.6%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the 1st 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 last quarter. Crux Wealth Advisors raised its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 15.9% in the second quarter. Crux Wealth Advisors now owns 5,086 shares of the company’s stock valued at $521,000 after purchasing an additional 696 shares during the period. Envestnet Asset Management Inc. raised its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 5,304 shares of the company’s stock valued at $543,000 after purchasing an additional 345 shares during the period. Key Financial Inc lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.4% in the second quarter. Key Financial Inc now owns 3,713 shares of the company’s stock worth $380,000 after buying an additional 1,339 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.5% in the second quarter. Cetera Investment Advisers now owns 7,594 shares of the company’s stock worth $777,000 after buying an additional 465 shares during 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.