Short Interest in BNY Mellon International Equity ETF (NYSEARCA:BKIE) Grows By 45.1%

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 49,042 shares, a growth of 45.1% from the December 15th total of 33,806 shares. Based on an average daily volume of 48,068 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 48,068 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On BNY Mellon International Equity ETF

Hedge funds have recently bought and sold shares of the business. Birchbrook Inc. acquired a new position in shares of BNY Mellon International Equity ETF during the 3rd quarter worth approximately $25,000. Tortoise Investment Management LLC purchased a new stake in shares of BNY Mellon International Equity ETF during the third quarter worth $38,000. Key Financial Inc raised its position in shares of BNY Mellon International Equity ETF by 38.2% in the second quarter. Key Financial Inc now owns 478 shares of the company’s stock valued at $41,000 after buying an additional 132 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of BNY Mellon International Equity ETF in the second quarter worth about $52,000. Finally, Creekmur Asset Management LLC purchased a new stake in BNY Mellon International Equity ETF during the 2nd quarter valued at about $77,000.

BNY Mellon International Equity ETF Trading Up 0.2%

Shares of NYSEARCA BKIE opened at $95.87 on Friday. BNY Mellon International Equity ETF has a 12-month low of $68.09 and a 12-month high of $95.99. The firm’s 50-day moving average price is $92.22 and its 200-day moving average price is $89.30. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 16.44 and a beta of 0.85.

BNY Mellon International Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a dividend of $1.0429 per share. This is a boost from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, December 29th. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.4%.

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.