BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Sees Significant Increase in Short Interest

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 3,861 shares, an increase of 763.8% from the February 12th total of 447 shares. Based on an average daily trading volume, of 27,883 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 27,883 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BNY Mellon Concentrated International ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BKCI. Atlantic Union Bankshares Corp purchased a new position in shares of BNY Mellon Concentrated International ETF in the third quarter valued at approximately $67,000. Kestra Advisory Services LLC acquired a new position in BNY Mellon Concentrated International ETF in the 4th quarter valued at $75,000. Osaic Holdings Inc. lifted its holdings in BNY Mellon Concentrated International ETF by 438.9% in the 2nd quarter. Osaic Holdings Inc. now owns 7,749 shares of the company’s stock valued at $398,000 after purchasing an additional 6,311 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in BNY Mellon Concentrated International ETF by 223.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,465 shares of the company’s stock worth $794,000 after purchasing an additional 10,681 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in BNY Mellon Concentrated International ETF during the 4th quarter worth $837,000.

BNY Mellon Concentrated International ETF Price Performance

Shares of BKCI stock traded down $0.67 during mid-day trading on Thursday, hitting $50.09. The stock had a trading volume of 4,933 shares, compared to its average volume of 31,886. BNY Mellon Concentrated International ETF has a 12-month low of $42.85 and a 12-month high of $54.14. The firm’s 50-day moving average is $52.60 and its two-hundred day moving average is $51.93. The firm has a market capitalization of $175.32 million, a P/E ratio of 23.08 and a beta of 0.87.

BNY Mellon Concentrated International ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a dividend yield of 138.0%.

BNY Mellon Concentrated International ETF Company Profile

The BNY Mellon Concentrated International ETF (BKCI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund relying heavily on fundamental research to select a narrow basket of stocks, of any market capitalization, from developed markets outside of the US. BKCI was launched on Dec 6, 2021 and is managed by BNY Mellon.