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

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 53,758 shares, a drop of 69.3% from the December 31st total of 174,914 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 134,468 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 134,468 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in BNY Mellon US Large Cap Core Equity ETF by 47.2% in the third quarter. EverSource Wealth Advisors LLC now owns 287 shares of the company’s stock worth $37,000 after purchasing an additional 92 shares during the period. Quadcap Wealth Management LLC increased its position in shares of BNY Mellon US Large Cap Core Equity ETF by 2.7% during the fourth quarter. Quadcap Wealth Management LLC now owns 3,661 shares of the company’s stock valued at $479,000 after acquiring an additional 96 shares in the last quarter. David Kennon Inc increased its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 0.5% in the 3rd quarter. David Kennon Inc now owns 18,877 shares of the company’s stock worth $2,423,000 after purchasing an additional 98 shares in the last quarter. Geneos Wealth Management Inc. raised its position in BNY Mellon US Large Cap Core Equity ETF by 5.9% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,967 shares of the company’s stock worth $253,000 after buying an additional 110 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 3.5% during the second quarter. Raymond James Financial Inc. now owns 4,105 shares of the company’s stock valued at $486,000 after purchasing an additional 137 shares during the last quarter.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

BKLC traded down $0.65 during midday trading on Friday, hitting $132.30. The stock had a trading volume of 296,799 shares, compared to its average volume of 152,900. BNY Mellon US Large Cap Core Equity ETF has a 1 year low of $91.90 and a 1 year high of $133.74. The business has a fifty day moving average of $131.47 and a 200 day moving average of $127.71. The company has a market cap of $5.12 billion, a P/E ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were given a dividend of $0.3923 per share. This represents a $1.57 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 29th. This is an increase from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33.

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.