BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Significant Drop in Short Interest

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 5,282 shares, a drop of 31.8% from the February 12th total of 7,740 shares. Based on an average daily trading volume, of 35,322 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 35,322 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

A number of hedge funds have recently modified their holdings of BKMC. RPOA Advisors Inc. boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 5.2% in the third quarter. RPOA Advisors Inc. now owns 4,229,542 shares of the company’s stock worth $458,971,000 after buying an additional 209,436 shares during the period. Northwestern Mutual Wealth Management Co. raised 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 valued at $150,108,000 after buying an additional 1,370,404 shares during the period. Diversify Wealth Management LLC raised 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 valued at $24,459,000 after buying an additional 48,301 shares during the period. Geneos Wealth Management Inc. lifted its stake in BNY Mellon US Mid Cap Core Equity ETF by 3.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 68,205 shares of the company’s stock worth $7,430,000 after acquiring an additional 2,068 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in BNY Mellon US Mid Cap Core Equity ETF by 3.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 64,398 shares of the company’s stock worth $6,936,000 after acquiring an additional 2,109 shares in the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

BNY Mellon US Mid Cap Core Equity ETF stock opened at $110.20 on Monday. BNY Mellon US Mid Cap Core Equity ETF has a fifty-two week low of $82.26 and a fifty-two week high of $119.18. The firm’s 50 day simple moving average is $115.78 and its 200-day simple moving average is $111.17. The company has a market cap of $611.61 million, a P/E ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were given a dividend of $0.4651 per share. This represents a $1.86 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, December 29th. This is a positive change from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35.

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.