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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,500 shares, a decrease of 35.7% from the August 15th total of 7,000 shares. Based on an average daily volume of 14,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 14,800 shares, the days-to-cover ratio is presently 0.3 days.

BNY Mellon US Mid Cap Core Equity ETF Stock Down 0.2%

BKMC opened at $108.82 on Wednesday. BNY Mellon US Mid Cap Core Equity ETF has a twelve month low of $82.26 and a twelve month high of $111.07. The company has a 50-day simple moving average of $105.90 and a 200 day simple moving average of $99.83. The stock has a market capitalization of $582.19 million, a price-to-earnings ratio of 19.73 and a beta of 0.98.

BNY Mellon US Mid Cap Core Equity ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were given a dividend of $0.3292 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.32 annualized dividend and a yield of 1.2%.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. SVB Wealth LLC acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the first quarter worth about $30,000. Raymond James Financial Inc. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth about $60,000. Accredited Investors Inc. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the first quarter worth about $223,000. Key Financial Inc raised its stake in BNY Mellon US Mid Cap Core Equity ETF by 43.2% during the first quarter. Key Financial Inc now owns 2,374 shares of the company’s stock worth $227,000 after acquiring an additional 716 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the first quarter worth about $237,000.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

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.