Short Interest in BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Expands By 115.8%

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 8,331 shares, a growth of 115.8% from the February 26th total of 3,861 shares. Based on an average daily volume of 32,404 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

BNY Mellon Concentrated International ETF Price Performance

Shares of NYSEARCA:BKCI traded down $0.89 on Thursday, reaching $48.49. The company’s stock had a trading volume of 7,910 shares, compared to its average volume of 27,433. BNY Mellon Concentrated International ETF has a 52-week low of $42.85 and a 52-week high of $54.14. The stock has a market capitalization of $169.72 million, a P/E ratio of 23.08 and a beta of 0.87. The stock’s 50-day moving average is $51.94 and its two-hundred day moving average is $51.86.

BNY Mellon Concentrated International ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a yield of 138.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new position in shares of BNY Mellon Concentrated International ETF in the third quarter valued at approximately $67,000. Kestra Advisory Services LLC purchased a new stake in shares of BNY Mellon Concentrated International ETF during the fourth quarter worth approximately $75,000. Rockefeller Capital Management L.P. lifted its holdings in shares of 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 during the period. Osaic Holdings Inc. grew its position in BNY Mellon Concentrated International ETF by 438.9% in the 2nd quarter. Osaic Holdings Inc. now owns 7,749 shares of the company’s stock valued at $398,000 after buying an additional 6,311 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in BNY Mellon Concentrated International ETF in the 4th quarter valued at $837,000.

BNY Mellon Concentrated International ETF Company Profile

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.