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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,275 shares, a decrease of 19.1% from the February 26th total of 5,282 shares. Based on an average daily volume of 9,080 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

BNY Mellon US Mid Cap Core Equity ETF Stock Down 0.9%

BKMC stock opened at $107.04 on Tuesday. The stock has a market capitalization of $594.07 million, a price-to-earnings ratio of 19.73 and a beta of 1.06. BNY Mellon US Mid Cap Core Equity ETF has a 52-week low of $82.26 and a 52-week high of $119.18. The stock’s fifty day simple moving average is $114.68 and its 200-day simple moving average is $111.30.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock valued at $438,000 after buying an additional 2,349 shares during the period. Cetera Investment Advisers boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.5% in the second quarter. Cetera Investment Advisers now owns 7,594 shares of the company’s stock worth $777,000 after acquiring an additional 465 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 57.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,444 shares of the company’s stock worth $762,000 after acquiring an additional 2,710 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in BNY Mellon US Mid Cap Core Equity ETF by 21.4% in the second quarter. Diversify Advisory Services LLC now owns 62,289 shares of the company’s stock valued at $6,536,000 after purchasing an additional 10,973 shares during the period. Finally, Diversify Wealth Management LLC grew its holdings in BNY Mellon US Mid Cap Core Equity ETF by 3.1% in the second quarter. Diversify Wealth Management LLC now owns 158,206 shares of the company’s stock valued at $16,602,000 after purchasing an additional 4,811 shares during the period.

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.