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

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 776,700 shares, an increase of 724.5% from the August 31st total of 94,200 shares. Based on an average trading volume of 128,200 shares, the days-to-cover ratio is currently 6.1 days. Based on an average trading volume of 128,200 shares, the days-to-cover ratio is currently 6.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter worth approximately $33,000. FSA Wealth Management LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter worth approximately $37,000. Carolina Wealth Advisors LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter worth approximately $106,000. Define Financial LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter worth approximately $202,000. Finally, Wills Financial Group LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the 1st quarter worth approximately $213,000.

BNY Mellon US Large Cap Core Equity ETF Trading Up 0.1%

Shares of BKLC opened at $128.52 on Friday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 25.44 and a beta of 1.03. The stock has a 50 day moving average of $124.34 and a 200-day moving average of $115.60. BNY Mellon US Large Cap Core Equity ETF has a 52 week low of $91.90 and a 52 week high of $128.84.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be given a $0.3264 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.31 annualized dividend and a dividend yield of 1.0%.

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.