BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Stock Short Interest Report for October

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

Institutional Trading of BNY Mellon US Large Cap Core Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the first quarter worth $25,000. Financial Management Professionals Inc. raised its stake in BNY Mellon US Large Cap Core Equity ETF by 200.0% during the third quarter. Financial Management Professionals Inc. now owns 1,152 shares of the company’s stock worth $56,000 after buying an additional 768 shares during the last quarter. Waverly Advisors LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF during the first quarter valued at about $68,000. Kings Path Partners LLC bought a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the third quarter valued at approximately $86,000. Finally, Triumph Capital Management increased its stake in BNY Mellon US Large Cap Core Equity ETF by 200.0% in the 3rd quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $117,000 after buying an additional 1,600 shares during the last quarter.

BNY Mellon US Large Cap Core Equity ETF Stock Down 1.7%

BKLC stock traded down $0.84 during midday trading on Friday, reaching $48.29. The stock had a trading volume of 1,278,815 shares, compared to its average volume of 710,824. The business has a fifty day simple moving average of $49.09 and a two-hundred day simple moving average of $46.54. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02. BNY Mellon US Large Cap Core Equity ETF has a twelve month low of $40.21 and a twelve month high of $50.01.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

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

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.