BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Short Interest Up 56.9% in February

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 7,740 shares, an increase of 56.9% from the January 29th total of 4,932 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 10,671 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 10,671 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

Shares of BKMC opened at $117.79 on Friday. The stock has a 50 day moving average price of $115.17 and a 200 day moving average price of $110.60. BNY Mellon US Mid Cap Core Equity ETF has a one year low of $82.26 and a one year high of $119.18. The stock has a market capitalization of $653.73 million, a price-to-earnings ratio of 19.73 and a beta of 1.06.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were issued a dividend of $0.4651 per share. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.6%.

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

Several hedge funds and other institutional investors have recently modified their holdings of BKMC. Northwestern Mutual Wealth Management Co. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock worth $150,108,000 after acquiring an additional 1,370,404 shares during the last quarter. RPOA Advisors Inc. lifted its stake in BNY Mellon US Mid Cap Core Equity ETF by 5.2% in the 3rd quarter. RPOA Advisors Inc. now owns 4,229,542 shares of the company’s stock worth $458,971,000 after purchasing an additional 209,436 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 29.5% during the 4th quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock worth $24,459,000 after purchasing an additional 48,301 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 111.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 63,969 shares of the company’s stock worth $6,548,000 after purchasing an additional 33,687 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 867.1% in the third quarter. Flow Traders U.S. LLC now owns 29,969 shares of the company’s stock valued at $3,252,000 after purchasing an additional 26,870 shares in the last quarter.

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.