BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC – Get Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 164,790 shares, a growth of 61.5% from the July 30th total of 102,016 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 298,168 shares, the short-interest ratio is currently 0.6 days.
BNY Mellon US Large Cap Core Equity ETF Price Performance
NYSEARCA:BKLC traded down $0.10 during mid-day trading on Monday, reaching $49.04. The stock had a trading volume of 1,118,838 shares, compared to its average volume of 671,809. The stock has a 50-day simple moving average of $48.19 and a two-hundred day simple moving average of $46.05. The stock has a market capitalization of $5.63 billion, a PE ratio of 25.44 and a beta of 1.02. BNY Mellon US Large Cap Core Equity ETF has a 12 month low of $40.21 and a 12 month high of $49.84.
Hedge Funds Weigh In On BNY Mellon US Large Cap Core Equity ETF
Several hedge funds and other institutional investors have recently modified their holdings of BKLC. Jane Street Group LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF during the 1st quarter worth $1,105,000. Raymond James Financial Inc. lifted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 3.5% during the 2nd quarter. Raymond James Financial Inc. now owns 4,105 shares of the company’s stock worth $486,000 after buying an additional 137 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 5.4% in the second quarter. Ameriprise Financial Inc. now owns 364,511 shares of the company’s stock valued at $43,169,000 after buying an additional 18,595 shares in the last quarter. MML Investors Services LLC boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 81.7% in the second quarter. MML Investors Services LLC now owns 12,712 shares of the company’s stock valued at $1,506,000 after buying an additional 5,716 shares in the last quarter. Finally, Orion Porfolio Solutions LLC bought a new position in BNY Mellon US Large Cap Core Equity ETF in the second quarter valued at about $1,093,000.
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.
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