BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) Sees Significant Growth in Short Interest

BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 429 shares, an increase of 235.2% from the September 30th total of 128 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,955 shares, the days-to-cover ratio is currently 0.2 days.

BNY Mellon Concentrated Growth ETF Trading Down 1.6%

Shares of NYSEARCA:BKCG traded down $0.63 on Friday, hitting $38.89. 732 shares of the company were exchanged, compared to its average volume of 2,492. The stock’s 50 day moving average price is $39.32 and its 200 day moving average price is $37.52. BNY Mellon Concentrated Growth ETF has a 1-year low of $32.94 and a 1-year high of $40.42. The firm has a market capitalization of $119.39 million, a P/E ratio of 32.83 and a beta of 0.99.

BNY Mellon Concentrated Growth ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.0386 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from BNY Mellon Concentrated Growth ETF’s previous quarterly dividend of $0.0640. This represents a $0.15 annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On BNY Mellon Concentrated Growth ETF

A hedge fund recently bought a new position in BNY Mellon Concentrated Growth ETF stock. NorthRock Partners LLC bought a new position in shares of BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,502 shares of the company’s stock, valued at approximately $205,000. NorthRock Partners LLC owned about 0.18% of BNY Mellon Concentrated Growth ETF at the end of the most recent reporting period.

BNY Mellon Concentrated Growth ETF Company Profile

The BNY Mellon ETF Trust II – Concentrated Growth ETF (BKCG) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.