BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) Sees Significant Growth in Short Interest

BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 14,886 shares, a growth of 14.6% from the February 12th total of 12,992 shares. Based on an average trading volume of 4,109 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.8% of the shares of the company are sold short. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 4,109 shares, the days-to-cover ratio is presently 3.6 days.

BNY Mellon Emerging Markets Equity ETF Price Performance

Shares of BNY Mellon Emerging Markets Equity ETF stock traded up $2.92 during trading hours on Tuesday, reaching $82.55. The company had a trading volume of 515 shares, compared to its average volume of 5,758. The firm has a market cap of $70.17 million, a PE ratio of 14.60 and a beta of 0.61. BNY Mellon Emerging Markets Equity ETF has a one year low of $52.26 and a one year high of $88.61. The business has a fifty day simple moving average of $82.04 and a 200 day simple moving average of $76.56.

BNY Mellon Emerging Markets Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were paid a $0.1984 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.79 annualized dividend and a yield of 1.0%.

Institutional Investors Weigh In On BNY Mellon Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC lifted its holdings in shares of BNY Mellon Emerging Markets Equity ETF by 25.6% in the second quarter. Flow Traders U.S. LLC now owns 78,814 shares of the company’s stock worth $5,287,000 after buying an additional 16,073 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in BNY Mellon Emerging Markets Equity ETF by 4.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 49,940 shares of the company’s stock valued at $3,739,000 after acquiring an additional 1,912 shares in the last quarter. Jane Street Group LLC increased its holdings in BNY Mellon Emerging Markets Equity ETF by 36.3% during the 4th 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 period. Envestnet Asset Management Inc. increased its holdings in BNY Mellon Emerging Markets Equity ETF by 44.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 29,753 shares of the company’s stock worth $2,186,000 after acquiring an additional 9,219 shares during the period. Finally, Crux Wealth Advisors lifted its stake in BNY Mellon Emerging Markets Equity ETF by 28.2% in the 4th quarter. Crux Wealth Advisors now owns 19,177 shares of the company’s stock worth $1,436,000 after purchasing an additional 4,221 shares in the last quarter.

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.