BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) Short Interest Update

BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 25,024 shares, a growth of 142.8% from the July 15th total of 10,306 shares. Based on an average trading volume of 14,427 shares, the short-interest ratio is currently 1.7 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On BNY Mellon Emerging Markets Equity ETF

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in BNY Mellon Emerging Markets Equity ETF by 27.3% in the 1st quarter. Bank of New York Mellon Corp now owns 521,416 shares of the company’s stock valued at $41,313,000 after buying an additional 111,942 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of BNY Mellon Emerging Markets Equity ETF by 4.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 49,940 shares of the company’s stock worth $3,739,000 after buying an additional 1,912 shares during the last quarter. Jane Street Group LLC raised its position in BNY Mellon Emerging Markets Equity ETF by 36.3% during the fourth quarter. Jane Street Group LLC now owns 37,088 shares of the company’s stock worth $2,777,000 after acquiring an additional 9,868 shares during the last quarter. Cetera Investment Advisers raised its position in shares of BNY Mellon Emerging Markets Equity ETF by 27.6% during the 1st quarter. Cetera Investment Advisers now owns 25,706 shares of the company’s stock worth $2,037,000 after purchasing an additional 5,565 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in BNY Mellon Emerging Markets Equity ETF by 36.5% during the 1st quarter. Sanctuary Advisors LLC now owns 8,000 shares of the company’s stock worth $634,000 after purchasing an additional 2,141 shares in the last quarter.

BNY Mellon Emerging Markets Equity ETF Stock Up 0.6%

BKEM traded up $0.18 on Friday, reaching $30.67. The company’s stock had a trading volume of 9,918 shares, compared to its average volume of 10,467. The company has a market capitalization of $87.41 million, a price-to-earnings ratio of 14.60 and a beta of 0.72. BNY Mellon Emerging Markets Equity ETF has a fifty-two week low of $22.76 and a fifty-two week high of $33.51. The stock has a 50 day moving average of $30.48 and a two-hundred day moving average of $29.27.

BNY Mellon Emerging Markets Equity ETF Company Profile

The BNY Mellon Emerging Markets Equity ETF (BKEM) is an exchange-traded fund that mostly invests in large cap equity. The fund is a passively managed fund with emerging market exposure to broad large-cap stocks, selected and weighted by market cap. BKEM was launched on Apr 24, 2020 and is managed by BNY Mellon.