Short Interest in BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Decreases By 35.7%

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 12,912 shares, a decline of 35.7% from the May 14th total of 20,071 shares. Based on an average trading volume of 18,112 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

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

Several large investors have recently made changes to their positions in BKMC. JPMorgan Chase & Co. acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at $57,000. Rockefeller Capital Management L.P. increased its holdings in BNY Mellon US Mid Cap Core Equity ETF by 56.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after acquiring an additional 192 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 2nd quarter worth $60,000. Royal Bank of Canada increased its holdings in BNY Mellon US Mid Cap Core Equity ETF by 129.8% in the 4th quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock worth $231,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new stake in BNY Mellon US Mid Cap Core Equity ETF in the 1st quarter worth $267,000.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.8%

NYSEARCA BKMC traded up $1.00 on Wednesday, hitting $122.73. 1,203 shares of the company’s stock traded hands, compared to its average volume of 42,939. BNY Mellon US Mid Cap Core Equity ETF has a 1-year low of $98.80 and a 1-year high of $123.11. The firm’s 50-day moving average price is $117.83 and its two-hundred day moving average price is $114.84. The firm has a market capitalization of $649.24 million, a PE ratio of 19.73 and a beta of 1.01.

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.