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

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 125,400 shares, a drop of 83.9% from the September 15th total of 776,700 shares. Based on an average trading volume of 132,300 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 132,300 shares, the short-interest ratio is presently 0.9 days.

BNY Mellon US Large Cap Core Equity ETF Price Performance

BNY Mellon US Large Cap Core Equity ETF stock opened at $126.94 on Friday. The firm’s 50 day simple moving average is $125.65 and its 200-day simple moving average is $116.96. The company has a market cap of $4.42 billion, a P/E ratio of 25.44 and a beta of 1.03. BNY Mellon US Large Cap Core Equity ETF has a fifty-two week low of $91.90 and a fifty-two week high of $129.44.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a $0.3264 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Trading of BNY Mellon US Large Cap Core Equity ETF

A number of hedge funds have recently made changes to their positions in BKLC. Creekmur Asset Management LLC purchased a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the second quarter worth approximately $33,000. FSA Wealth Management LLC purchased a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the second quarter worth approximately $37,000. Carolina Wealth Advisors LLC purchased a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the second quarter worth approximately $106,000. Define Financial LLC purchased a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the second quarter worth approximately $202,000. Finally, Wills Financial Group LLC purchased a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the first quarter worth approximately $213,000.

About BNY Mellon US Large Cap Core Equity ETF

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.