BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC – Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 12,912 shares, a decline of 35.7% from the May 14th total of 20,071 shares. Based on an average daily volume of 18,112 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.
BNY Mellon US Mid Cap Core Equity ETF Price Performance
BKMC stock traded up $0.08 during midday trading on Tuesday, reaching $122.37. 7,598 shares of the company were exchanged, compared to its average volume of 43,303. The business has a 50-day moving average price of $117.61 and a two-hundred day moving average price of $114.76. BNY Mellon US Mid Cap Core Equity ETF has a one year low of $98.80 and a one year high of $123.11. The firm has a market capitalization of $647.34 million, a price-to-earnings ratio of 19.73 and a beta of 1.01.
Hedge Funds 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. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock worth $150,108,000 after purchasing an additional 1,370,404 shares during the period. Bank of New York Mellon Corp boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after purchasing an additional 35,792 shares during the period. Diversify Wealth Management LLC boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 29.5% during the fourth quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock worth $24,459,000 after purchasing an additional 48,301 shares during the period. Geneos Wealth Management Inc. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 1.9% during the first quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock worth $7,668,000 after purchasing an additional 1,310 shares during the period. Finally, Diversify Advisory Services LLC boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 3.4% during the third quarter. Diversify Advisory Services LLC now owns 64,398 shares of the company’s stock worth $6,936,000 after purchasing an additional 2,109 shares during the period.
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.
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