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

BNY Mellon International Equity ETF (NYSEARCA:BKIE) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 43,333 shares, a growth of 200.6% from the May 14th total of 14,417 shares. Based on an average daily volume of 37,314 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its holdings in shares of BNY Mellon International Equity ETF by 109.0% during the first quarter. NewEdge Advisors LLC now owns 30,639 shares of the company’s stock worth $2,863,000 after purchasing an additional 15,978 shares in the last quarter. Bank of America Corp DE boosted its stake in BNY Mellon International Equity ETF by 225.9% in the first quarter. Bank of America Corp DE now owns 65,405 shares of the company’s stock worth $6,111,000 after buying an additional 45,335 shares in the last quarter. Royal Bank of Canada boosted its stake in BNY Mellon International Equity ETF by 2.4% in the first quarter. Royal Bank of Canada now owns 4,776 shares of the company’s stock worth $446,000 after buying an additional 114 shares in the last quarter. Independent Financial Group LLC purchased a new stake in BNY Mellon International Equity ETF in the first quarter worth approximately $2,733,000. Finally, Private Advisor Group LLC boosted its stake in BNY Mellon International Equity ETF by 61.3% in the first quarter. Private Advisor Group LLC now owns 9,757 shares of the company’s stock worth $912,000 after buying an additional 3,707 shares in the last quarter.

BNY Mellon International Equity ETF Trading Up 0.4%

Shares of NYSEARCA BKIE traded up $0.43 during midday trading on Friday, hitting $100.53. 101,291 shares of the company’s stock were exchanged, compared to its average volume of 93,639. BNY Mellon International Equity ETF has a 12-month low of $82.45 and a 12-month high of $101.87. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 16.44 and a beta of 0.79. The business’s fifty day moving average price is $98.28 and its two-hundred day moving average price is $96.16.

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.