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

BNY Mellon International Equity ETF (NYSEARCA:BKIE) saw a large growth in short interest during the month of 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 trading volume of 37,314 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of BNY Mellon International Equity ETF

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in shares of BNY Mellon International Equity ETF by 109.0% during the 1st quarter. NewEdge Advisors LLC now owns 30,639 shares of the company’s stock valued at $31,000 after buying an additional 15,978 shares in the last quarter. CWM LLC purchased a new position in shares of BNY Mellon International Equity ETF during the 4th quarter valued at about $34,000. Tortoise Investment Management LLC purchased a new position in shares of BNY Mellon International Equity ETF during the 3rd quarter valued at about $38,000. Rockefeller Capital Management L.P. raised its holdings in shares of BNY Mellon International Equity ETF by 57.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 503 shares of the company’s stock valued at $47,000 after buying an additional 183 shares in the last quarter. Finally, Capital Analysts LLC purchased a new position in shares of BNY Mellon International Equity ETF during the 4th quarter valued at about $131,000.

BNY Mellon International Equity ETF Stock Performance

NYSEARCA BKIE opened at $100.10 on Friday. BNY Mellon International Equity ETF has a 52-week low of $82.45 and a 52-week high of $101.87. The company has a market capitalization of $1.24 billion, a P/E ratio of 16.44 and a beta of 0.79. The company has a fifty day moving average of $98.15 and a 200-day moving average of $96.13.

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.