BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Shares Shorted: Short Interest Down 89.9% in October

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 988 shares, a decline of 89.9% from the October 15th total of 9,742 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 16,307 shares, the short-interest ratio is currently 0.1 days.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 0.8%

Shares of NYSEARCA BKMC traded up $0.30 during mid-day trading on Wednesday, reaching $39.99. 7,947 shares of the company were exchanged, compared to its average volume of 79,586. The stock has a market capitalization of $659.92 million, a PE ratio of 18.57 and a beta of 1.01. BNY Mellon US Mid Cap Core Equity ETF has a 52 week low of $34.30 and a 52 week high of $42.07. The company’s 50 day moving average price is $39.31 and its 200 day moving average price is $39.39.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1386 per share. This is a drop from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.55 dividend on an annualized basis and a yield of 1.4%.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of BKMC. Commonwealth Equity Services LLC purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter worth approximately $911,000. Fifth Third Wealth Advisors LLC lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 200.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the company’s stock worth $241,000 after acquiring an additional 4,168 shares during the last quarter. Sunrise Financial Services LLC raised its position in BNY Mellon US Mid Cap Core Equity ETF by 182.5% in the 3rd quarter. Sunrise Financial Services LLC now owns 13,972 shares of the company’s stock worth $539,000 after purchasing an additional 9,026 shares during the period. RPOA Advisors Inc. grew its position in BNY Mellon US Mid Cap Core Equity ETF by 205.3% in the 3rd quarter. RPOA Advisors Inc. now owns 10,564,518 shares of the company’s stock valued at $407,685,000 after acquiring an additional 7,104,670 shares during the last quarter. Finally, Patriot Investment Management Group Inc. grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 200.0% in the 3rd quarter. Patriot Investment Management Group Inc. now owns 6,000 shares of the company’s stock worth $232,000 after acquiring an additional 4,000 shares in the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

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.