BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Shares Shorted: Short Interest Down 49.9% in October

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 269,948 shares, a decrease of 49.9% from the September 30th total of 538,415 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 2,024,906 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On BNY Mellon US Large Cap Core Equity ETF

A number of institutional investors have recently made changes to their positions in the stock. Quadcap Wealth Management LLC lifted its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 165.1% in the third quarter. Quadcap Wealth Management LLC now owns 9,228 shares of the company’s stock valued at $451,000 after purchasing an additional 5,747 shares in the last quarter. Stiles Financial Services Inc boosted its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 188.0% during the 3rd quarter. Stiles Financial Services Inc now owns 33,050 shares of the company’s stock worth $1,615,000 after buying an additional 21,576 shares during the period. MGO One Seven LLC grew its position in shares of BNY Mellon US Large Cap Core Equity ETF by 200.9% in the third quarter. MGO One Seven LLC now owns 441,659 shares of the company’s stock valued at $21,579,000 after purchasing an additional 294,892 shares during the last quarter. Outlook Wealth Advisors LLC lifted its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 200.0% during the third quarter. Outlook Wealth Advisors LLC now owns 8,877 shares of the company’s stock worth $434,000 after buying an additional 5,918 shares in the last quarter. Finally, Choreo LLC boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 185.6% in the 3rd quarter. Choreo LLC now owns 11,208 shares of the company’s stock valued at $548,000 after purchasing an additional 7,283 shares during the period.

BNY Mellon US Large Cap Core Equity ETF Stock Up 0.4%

BKLC traded up $0.22 during midday trading on Monday, reaching $48.51. 155,063 shares of the company’s stock were exchanged, compared to its average volume of 708,170. The business has a 50-day simple moving average of $49.09 and a two-hundred day simple moving average of $46.54. BNY Mellon US Large Cap Core Equity ETF has a one year low of $40.21 and a one year high of $50.01. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1260 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. This is a decrease from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. The ex-dividend date of this dividend was Thursday, October 1st.

BNY Mellon US Large Cap Core Equity ETF Company Profile

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.