BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Short Interest Up 56.9% in February

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 7,740 shares, an increase of 56.9% from the January 29th total of 4,932 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 10,671 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 10,671 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 1.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 7,552 shares of the company’s stock valued at $820,000 after purchasing an additional 108 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in BNY Mellon US Mid Cap Core Equity ETF by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 5,598 shares of the company’s stock worth $607,000 after buying an additional 294 shares during the last quarter. Key Financial Inc boosted its stake in BNY Mellon US Mid Cap Core Equity ETF by 8.1% during the third quarter. Key Financial Inc now owns 4,013 shares of the company’s stock worth $436,000 after buying an additional 300 shares during the period. Cetera Investment Advisers boosted its stake in BNY Mellon US Mid Cap Core Equity ETF by 6.5% during the second quarter. Cetera Investment Advisers now owns 7,594 shares of the company’s stock worth $777,000 after buying an additional 465 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in BNY Mellon US Mid Cap Core Equity ETF during the third quarter valued at $57,000.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

BNY Mellon US Mid Cap Core Equity ETF stock opened at $117.79 on Friday. BNY Mellon US Mid Cap Core Equity ETF has a one year low of $82.26 and a one year high of $119.18. The stock has a market capitalization of $653.73 million, a PE ratio of 19.73 and a beta of 1.06. The business’s fifty day moving average is $115.17 and its 200 day moving average is $110.60.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were given a $0.4651 dividend. This is an increase from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. This represents a $1.86 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, December 29th.

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.