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) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 538,415 shares, a growth of 82.9% from the September 15th total of 294,327 shares. Based on an average trading volume of 459,255 shares, the short-interest ratio is currently 1.2 days. Approximately 0.5% of the company’s shares are sold short.

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

A number of large investors have recently modified their holdings of BKLC. Ascentis Independent Advisors purchased a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the first quarter valued at approximately $25,000. Waverly Advisors LLC bought a new position in BNY Mellon US Large Cap Core Equity ETF during the 1st quarter valued at $68,000. Triumph Capital Management grew its holdings in BNY Mellon US Large Cap Core Equity ETF by 200.0% during the 3rd quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $117,000 after acquiring an additional 1,600 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in BNY Mellon US Large Cap Core Equity ETF by 56.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,597 shares of the company’s stock worth $209,000 after acquiring an additional 578 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the 1st quarter worth about $253,000.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

BNY Mellon US Large Cap Core Equity ETF stock traded down $0.65 during trading on Friday, reaching $48.69. The company had a trading volume of 247,124 shares, compared to its average volume of 713,580. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02. The stock’s 50 day moving average price is $49.17 and its two-hundred day moving average price is $47.52. BNY Mellon US Large Cap Core Equity ETF has a 12-month low of $40.21 and a 12-month high of $50.01.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.1260 dividend. This is a negative change from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. The ex-dividend date was Thursday, October 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.0%.

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.