BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Short Interest Update

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 1,253 shares, a drop of 70.6% from the May 31st total of 4,263 shares. Based on an average daily trading volume, of 8,799 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On BNY Mellon Concentrated International ETF

Several hedge funds have recently made changes to their positions in BKCI. Bank of America Corp DE increased its holdings in shares of BNY Mellon Concentrated International ETF by 148.7% in the first quarter. Bank of America Corp DE now owns 24,038 shares of the company’s stock valued at $1,189,000 after purchasing an additional 14,371 shares during the period. World Equity Group Inc. acquired a new position in shares of BNY Mellon Concentrated International ETF in the first quarter worth about $339,000. Rockefeller Capital Management L.P. boosted its position in BNY Mellon Concentrated International ETF by 33.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,366 shares of the company’s stock worth $277,000 after purchasing an additional 1,336 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of BNY Mellon Concentrated International ETF during the 4th quarter valued at approximately $75,000. Finally, Jane Street Group LLC acquired a new stake in BNY Mellon Concentrated International ETF in the 4th quarter valued at $837,000.

BNY Mellon Concentrated International ETF Price Performance

NYSEARCA BKCI traded up $0.58 on Monday, hitting $53.70. The stock had a trading volume of 6,203 shares, compared to its average volume of 16,936. The stock has a market cap of $136.94 million, a price-to-earnings ratio of 23.08 and a beta of 0.85. BNY Mellon Concentrated International ETF has a 52-week low of $47.83 and a 52-week high of $54.14. The business’s fifty day moving average price is $52.72 and its 200 day moving average price is $52.09.

About BNY Mellon Concentrated International ETF

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.