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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 26,903 shares, a growth 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 days-to-cover ratio is presently 1.0 days.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

NYSEARCA BKMC opened at $42.07 on Friday. The firm’s fifty day moving average price is $40.60 and its 200 day moving average price is $39.27. The company has a market capitalization of $678.17 million, a price-to-earnings ratio of 19.73 and a beta of 1.01. BNY Mellon US Mid Cap Core Equity ETF has a 12 month low of $34.30 and a 12 month high of $42.07.

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

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at about $57,000. Rockefeller Capital Management L.P. grew its stake in BNY Mellon US Mid Cap Core Equity ETF by 56.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after buying an additional 192 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth approximately $60,000. Arlington Trust Co LLC acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth approximately $156,000. Finally, Royal Bank of Canada increased its position in BNY Mellon US Mid Cap Core Equity ETF by 129.8% during the fourth quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock worth $231,000 after buying an additional 1,195 shares during the period.

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.