BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) Shares Shorted: Short Interest Down 79.7% in October

BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 87 shares, a decline of 79.7% from the October 15th total of 429 shares. Based on an average daily volume of 1,807 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

BNY Mellon Concentrated Growth ETF Price Performance

Shares of BKCG stock traded down $0.14 during trading hours on Thursday, reaching $38.95. 116 shares of the stock were exchanged, compared to its average volume of 2,421. The business’s fifty day moving average is $39.27 and its two-hundred day moving average is $37.60. The firm has a market capitalization of $119.57 million, a P/E ratio of 27.73 and a beta of 0.99. BNY Mellon Concentrated Growth ETF has a 12-month low of $32.94 and a 12-month high of $40.42.

BNY Mellon Concentrated Growth ETF Cuts Dividend

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

Hedge Funds Weigh In On BNY Mellon Concentrated Growth ETF

Several large investors have recently bought and sold shares of BKCG. Commonwealth Equity Services LLC purchased a new position in BNY Mellon Concentrated Growth ETF during the 3rd quarter worth approximately $791,000. NorthRock Partners LLC purchased a new position in shares of BNY Mellon Concentrated Growth ETF during the 2nd quarter worth approximately $205,000. Finally, Allworth Financial LP purchased a new stake in shares of BNY Mellon Concentrated Growth ETF during the 3rd quarter worth $27,000.

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.