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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,596 shares, a decline of 78.7% from the August 31st total of 7,485 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 17,897 shares, the short-interest ratio is presently 0.1 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock valued at $60,719,000 after purchasing an additional 35,792 shares in the last quarter. Citadel Advisors LLC raised its position in BNY Mellon US Mid Cap Core Equity ETF by 53.7% during the second quarter. Citadel Advisors LLC now owns 7,428 shares of the company’s stock valued at $920,000 after buying an additional 2,594 shares during the period. Cetera Investment Advisers lifted its stake in BNY Mellon US Mid Cap Core Equity ETF by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 9,554 shares of the company’s stock worth $1,054,000 after acquiring an additional 613 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 2nd quarter worth about $156,000. Finally, Geneos Wealth Management Inc. lifted its stake in BNY Mellon US Mid Cap Core Equity ETF by 1.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock worth $7,668,000 after acquiring an additional 1,310 shares in the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.4%

BKMC stock traded up $0.17 during mid-day trading on Friday, reaching $39.22. 15,093 shares of the stock traded hands, compared to its average volume of 88,212. BNY Mellon US Mid Cap Core Equity ETF has a 52-week low of $34.30 and a 52-week high of $42.07. The stock’s fifty day moving average is $40.56 and its 200-day moving average is $39.59. The company has a market cap of $633.80 million, a P/E ratio of 19.73 and a beta of 1.01.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.3775 dividend. This is a drop from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.5232. The ex-dividend date was Wednesday, July 1st. This represents a $1.51 annualized dividend and a dividend yield of 3.9%.

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.