BNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE) Sees Significant Increase in Short Interest

BNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 10,495 shares, an increase of 19.2% from the February 12th total of 8,806 shares. Based on an average daily trading volume, of 1,976 shares, the days-to-cover ratio is currently 5.3 days. Approximately 1.9% of the shares of the company are sold short. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,976 shares, the days-to-cover ratio is currently 5.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of BNY Mellon US Small Cap Core Equity ETF in the second quarter valued at approximately $81,000. Elm3 Financial Group LLC acquired a new position in BNY Mellon US Small Cap Core Equity ETF in the 4th quarter valued at $200,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of BNY Mellon US Small Cap Core Equity ETF during the 3rd quarter valued at $265,000. Park Avenue Securities LLC grew its holdings in shares of BNY Mellon US Small Cap Core Equity ETF by 61.5% during the 3rd quarter. Park Avenue Securities LLC now owns 4,371 shares of the company’s stock worth $482,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of BNY Mellon US Small Cap Core Equity ETF by 11.4% during the 2nd quarter. Osaic Holdings Inc. now owns 4,866 shares of the company’s stock worth $486,000 after purchasing an additional 496 shares in the last quarter.

BNY Mellon US Small Cap Core Equity ETF Stock Up 1.0%

Shares of BKSE traded up $1.07 during midday trading on Monday, reaching $113.25. 767 shares of the stock were exchanged, compared to its average volume of 4,129. The stock’s 50 day simple moving average is $118.95 and its 200 day simple moving average is $113.85. The company has a market cap of $62.29 million, a P/E ratio of 15.47 and a beta of 1.11. BNY Mellon US Small Cap Core Equity ETF has a twelve month low of $79.54 and a twelve month high of $124.00.

BNY Mellon US Small Cap Core Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were paid a $0.4435 dividend. This is a positive change from BNY Mellon US Small Cap Core Equity ETF’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, December 29th. This represents a $1.77 annualized dividend and a yield of 1.6%.

About BNY Mellon US Small Cap Core Equity ETF

The BNY Mellon US Small Cap Core Equity ETF (BKSE) is an exchange-traded fund that is based on the Morningstar US Small Cap index, a market-cap-weighted index of small-cap stocks that cover the bottom 3-10% capitalization of the US equity market. BKSE was launched on Apr 9, 2020 and is managed by BNY Mellon.