BNY Mellon International Equity ETF (NYSEARCA:BKIE) Short Interest Up 904.0% in July

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 412,246 shares, a growth of 904.0% from the July 15th total of 41,061 shares. Based on an average daily volume of 206,480 shares, the short-interest ratio is presently 2.0 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On BNY Mellon International Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arlington Trust Co LLC purchased a new position in BNY Mellon International Equity ETF in the 2nd quarter valued at approximately $101,000. NewEdge Advisors LLC grew its holdings in BNY Mellon International Equity ETF by 109.0% in the first quarter. NewEdge Advisors LLC now owns 30,639 shares of the company’s stock valued at $2,863,000 after purchasing an additional 15,978 shares during the last quarter. Bank of America Corp DE grew its holdings in BNY Mellon International Equity ETF by 225.9% in the first quarter. Bank of America Corp DE now owns 65,405 shares of the company’s stock valued at $6,111,000 after purchasing an additional 45,335 shares during the last quarter. Royal Bank of Canada increased its position in shares of BNY Mellon International Equity ETF by 2.4% in the first quarter. Royal Bank of Canada now owns 4,776 shares of the company’s stock valued at $446,000 after buying an additional 114 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of BNY Mellon International Equity ETF in the first quarter valued at $2,733,000.

BNY Mellon International Equity ETF Stock Performance

BKIE traded up $0.01 on Thursday, hitting $34.95. 15,224 shares of the company were exchanged, compared to its average volume of 257,255. The business’s fifty day moving average is $33.55 and its 200 day moving average is $32.85. BNY Mellon International Equity ETF has a fifty-two week low of $28.69 and a fifty-two week high of $35.18. The firm has a market capitalization of $1.34 billion, a P/E ratio of 16.44 and a beta of 0.79.

BNY Mellon International Equity ETF Company Profile

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.