BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Large Drop in Short Interest

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 260,766 shares, a drop of 36.7% from the July 30th total of 412,246 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 106,048 shares, the days-to-cover ratio is currently 2.5 days.

BNY Mellon International Equity ETF Stock Performance

BNY Mellon International Equity ETF stock traded down $0.33 during mid-day trading on Tuesday, hitting $34.29. 92,736 shares of the company traded hands, compared to its average volume of 244,729. BNY Mellon International Equity ETF has a one year low of $28.69 and a one year high of $35.18. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 16.44 and a beta of 0.79. The stock has a fifty day moving average price of $33.94 and a 200-day moving average price of $33.05.

Institutional Trading of BNY Mellon International Equity ETF

A number of hedge funds have recently made changes to their positions in BKIE. MGO One Seven LLC increased its stake in BNY Mellon International Equity ETF by 6.0% in the fourth quarter. MGO One Seven LLC now owns 457,785 shares of the company’s stock valued at $42,373,000 after acquiring an additional 26,029 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in BNY Mellon International Equity ETF by 5.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 410,898 shares of the company’s stock worth $38,033,000 after purchasing an additional 19,951 shares during the last quarter. LPL Financial LLC lifted its stake in BNY Mellon International Equity ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 334,531 shares of the company’s stock worth $30,964,000 after purchasing an additional 29,469 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of BNY Mellon International Equity ETF by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 232,351 shares of the company’s stock worth $21,506,000 after purchasing an additional 6,105 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of BNY Mellon International Equity ETF by 7.1% in the 4th quarter. Osaic Holdings Inc. now owns 154,361 shares of the company’s stock worth $14,293,000 after purchasing an additional 10,192 shares in the last quarter.

BNY Mellon International Equity ETF Company Profile

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.