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

BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 18,306 shares, an increase of 23.0% from the February 26th total of 14,886 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 3,186 shares, the days-to-cover ratio is presently 5.7 days.

Hedge Funds Weigh In On BNY Mellon Emerging Markets Equity ETF

A number of hedge funds have recently bought and sold shares of BKEM. Flow Traders U.S. LLC increased its stake in BNY Mellon Emerging Markets Equity ETF by 25.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 78,814 shares of the company’s stock valued at $5,287,000 after buying an additional 16,073 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of 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 buying an additional 9,219 shares in the last quarter. Symphony Financial Ltd. Co. grew its holdings in shares of BNY Mellon Emerging Markets Equity ETF by 26.5% in the third quarter. Symphony Financial Ltd. Co. now owns 7,772 shares of the company’s stock valued at $572,000 after acquiring an additional 1,630 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of BNY Mellon Emerging Markets Equity ETF during the third quarter valued at approximately $375,000. Finally, Cetera Investment Advisers increased its position in shares of BNY Mellon Emerging Markets Equity ETF by 10.2% during the second quarter. Cetera Investment Advisers now owns 17,720 shares of the company’s stock valued at $1,189,000 after acquiring an additional 1,644 shares during the last quarter.

BNY Mellon Emerging Markets Equity ETF Trading Down 0.1%

Shares of NYSEARCA:BKEM traded down $0.08 during mid-day trading on Monday, hitting $77.15. 1,364 shares of the company traded hands, compared to its average volume of 5,239. The stock has a 50-day moving average price of $82.19 and a two-hundred day moving average price of $77.19. BNY Mellon Emerging Markets Equity ETF has a 12-month low of $52.26 and a 12-month high of $88.61. The stock has a market cap of $65.58 million, a P/E ratio of 14.60 and a beta of 0.61.

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.