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

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 164,790 shares, a growth of 61.5% from the July 30th total of 102,016 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 298,168 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BKLC. Principia Wealth Advisory LLC lifted its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 3.0% in the second quarter. Principia Wealth Advisory LLC now owns 102,922 shares of the company’s stock worth $14,755,000 after buying an additional 3,002 shares in the last quarter. Andina Capital Management LLC bought a new position in BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter valued at approximately $1,430,000. Wealth Group Ltd boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 6.2% during the 2nd quarter. Wealth Group Ltd now owns 14,058 shares of the company’s stock valued at $2,016,000 after purchasing an additional 823 shares during the last quarter. Carolina Wealth Advisors LLC increased its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 5.0% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 118,144 shares of the company’s stock worth $16,941,000 after purchasing an additional 5,580 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the second quarter worth $814,000.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

Shares of NYSEARCA:BKLC opened at $48.66 on Wednesday. The stock has a fifty day simple moving average of $48.24 and a two-hundred day simple moving average of $46.12. BNY Mellon US Large Cap Core Equity ETF has a 12-month low of $40.21 and a 12-month high of $49.84. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02.

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.