BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Short Interest Down 60.5% in August

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMCGet Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 7,485 shares, a drop of 60.5% from the August 15th total of 18,930 shares. Based on an average daily volume of 20,808 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 0.9%

Shares of NYSEARCA:BKMC opened at $39.94 on Friday. The stock has a market cap of $643.83 million, a price-to-earnings ratio of 19.73 and a beta of 1.01. BNY Mellon US Mid Cap Core Equity ETF has a 12-month low of $34.30 and a 12-month high of $42.07. The business’s 50 day moving average is $40.74 and its 200 day moving average is $39.55.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.3775 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.51 annualized dividend and a yield of 3.8%.

Hedge Funds Weigh In On BNY Mellon US Mid Cap Core Equity ETF

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter worth $57,000. Rockefeller Capital Management L.P. lifted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock valued at $58,000 after purchasing an additional 192 shares in the last quarter. Raymond James Financial Inc. purchased a new position in BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth about $60,000. Arlington Trust Co LLC purchased a new position in BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth about $156,000. Finally, Royal Bank of Canada grew its position in BNY Mellon US Mid Cap Core Equity ETF by 129.8% in the 4th quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock worth $231,000 after purchasing an additional 1,195 shares in the last quarter.

About BNY Mellon US Mid Cap Core Equity ETF

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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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