Short Interest in BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Drops By 22.6%

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 68,159 shares, a decrease of 22.6% from the January 29th total of 88,046 shares. Based on an average daily trading volume, of 192,941 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 192,941 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BKLC. Creekmur Asset Management LLC bought a new stake in BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter valued at approximately $33,000. FSA Wealth Management LLC bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the second quarter worth $37,000. Center for Financial Planning Inc. bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF in the third quarter worth $37,000. EverSource Wealth Advisors LLC boosted its holdings in BNY Mellon US Large Cap Core Equity ETF by 47.2% during the third quarter. EverSource Wealth Advisors LLC now owns 287 shares of the company’s stock worth $37,000 after purchasing an additional 92 shares during the last quarter. Finally, Assetmark Inc. grew its position in BNY Mellon US Large Cap Core Equity ETF by 174.0% in the fourth quarter. Assetmark Inc. now owns 348 shares of the company’s stock valued at $46,000 after purchasing an additional 221 shares in the last quarter.

BNY Mellon US Large Cap Core Equity ETF Trading Down 0.7%

Shares of NYSEARCA:BKLC opened at $130.47 on Monday. The stock has a market capitalization of $5.09 billion, a PE ratio of 25.44 and a beta of 1.02. BNY Mellon US Large Cap Core Equity ETF has a 1 year low of $91.90 and a 1 year high of $133.74. The firm has a fifty day moving average price of $131.90 and a 200 day moving average price of $129.31.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a $0.3923 dividend. The ex-dividend date was Monday, December 29th. This represents a $1.57 annualized dividend and a dividend yield of 1.2%. This is an increase from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33.

About BNY Mellon US Large Cap Core Equity ETF

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.