BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Significant Growth in Short Interest

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 41,061 shares, a growth of 267.7% from the June 30th total of 11,167 shares. Based on an average daily trading volume, of 64,572 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

BNY Mellon International Equity ETF Price Performance

Shares of NYSEARCA:BKIE traded up $0.19 during trading on Friday, hitting $33.22. 431,840 shares of the company were exchanged, compared to its average volume of 267,693. The company has a market cap of $1.28 billion, a PE ratio of 16.44 and a beta of 0.79. The stock has a 50 day moving average of $33.27 and a 200 day moving average of $32.61. BNY Mellon International Equity ETF has a 52-week low of $27.64 and a 52-week high of $34.02.

Institutional Trading of BNY Mellon International Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in BNY Mellon International Equity ETF by 109.0% in the 1st quarter. NewEdge Advisors LLC now owns 30,639 shares of the company’s stock worth $31,000 after purchasing an additional 15,978 shares during the period. CWM LLC bought a new stake in shares of BNY Mellon International Equity ETF during the fourth quarter valued at about $34,000. Rockefeller Capital Management L.P. increased its position in shares of BNY Mellon International Equity ETF by 57.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 503 shares of the company’s stock valued at $47,000 after buying an additional 183 shares during the period. Arlington Trust Co LLC purchased a new stake in shares of BNY Mellon International Equity ETF in the second quarter worth about $101,000. Finally, Capital Analysts LLC purchased a new stake in shares of BNY Mellon International Equity ETF in the fourth quarter worth about $131,000.

About BNY Mellon International Equity ETF

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.