Short Interest in BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Grows By 270.9%

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 26,903 shares, an increase of 270.9% from the July 15th total of 7,254 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 26,237 shares, the short-interest ratio is currently 1.0 days.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 0.3%

NYSEARCA:BKMC opened at $41.74 on Thursday. The company’s 50 day moving average price is $40.52 and its 200-day moving average price is $39.23. BNY Mellon US Mid Cap Core Equity ETF has a 52 week low of $34.30 and a 52 week high of $41.80. The stock has a market cap of $672.85 million, a price-to-earnings ratio of 19.73 and a beta of 1.01.

Hedge Funds Weigh In On BNY Mellon US Mid Cap Core Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock valued at $150,108,000 after acquiring an additional 1,370,404 shares during the period. Diversify Wealth Management LLC grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 29.5% in the fourth quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock worth $24,459,000 after acquiring an additional 48,301 shares during the period. Bank of New York Mellon Corp grew its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after acquiring an additional 35,792 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the fourth quarter worth approximately $2,181,000. Finally, Citadel Advisors LLC purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the third quarter valued at approximately $1,944,000.

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.