BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Short Interest Update

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 14,911 shares, an increase of 751.6% from the July 15th total of 1,751 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 7,928 shares, the short-interest ratio is currently 1.9 days.

BNY Mellon Concentrated International ETF Stock Performance

BNY Mellon Concentrated International ETF stock traded up $0.09 on Tuesday, reaching $55.22. The company’s stock had a trading volume of 4,290 shares, compared to its average volume of 14,658. The company has a market cap of $135.29 million, a price-to-earnings ratio of 23.08 and a beta of 0.85. The business’s fifty day moving average price is $53.48 and its 200 day moving average price is $52.40. BNY Mellon Concentrated International ETF has a twelve month low of $47.83 and a twelve month high of $55.31.

Hedge Funds Weigh In On BNY Mellon Concentrated International ETF

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in BNY Mellon Concentrated International ETF by 811.8% during the 1st quarter. Royal Bank of Canada now owns 121,601 shares of the company’s stock worth $5,811,000 after purchasing an additional 108,264 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of BNY Mellon Concentrated International ETF by 67.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 207,294 shares of the company’s stock valued at $10,288,000 after purchasing an additional 83,565 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of BNY Mellon Concentrated International ETF by 2,013.9% in the 2nd quarter. Bank of America Corp DE now owns 43,926 shares of the company’s stock valued at $2,256,000 after purchasing an additional 41,848 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of BNY Mellon Concentrated International ETF during the 3rd quarter worth approximately $1,528,000. Finally, Jane Street Group LLC acquired a new stake in shares of BNY Mellon Concentrated International ETF during the 4th quarter worth approximately $837,000.

About BNY Mellon Concentrated International ETF

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.