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

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 22,884 shares, a decline of 98.4% from the April 15th total of 1,473,636 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 54,763 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On BNY Mellon International Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Birchbrook Inc. acquired a new position in BNY Mellon International Equity ETF during the third quarter worth about $25,000. CWM LLC acquired a new position in BNY Mellon International Equity ETF during the fourth quarter worth about $34,000. Tortoise Investment Management LLC acquired a new position in BNY Mellon International Equity ETF during the third quarter worth about $38,000. Rockefeller Capital Management L.P. boosted its position in BNY Mellon International Equity ETF by 57.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 503 shares of the company’s stock worth $47,000 after acquiring an additional 183 shares during the last quarter. Finally, Key Financial Inc boosted its position in BNY Mellon International Equity ETF by 36.6% during the third quarter. Key Financial Inc now owns 653 shares of the company’s stock worth $59,000 after acquiring an additional 175 shares during the last quarter.

BNY Mellon International Equity ETF Price Performance

BKIE traded down $0.03 on Monday, reaching $99.39. 42,084 shares of the company’s stock were exchanged, compared to its average volume of 107,456. The stock has a market cap of $1.23 billion, a PE ratio of 16.44 and a beta of 0.79. BNY Mellon International Equity ETF has a twelve month low of $80.86 and a twelve month high of $101.87. The stock’s fifty day moving average price is $95.94 and its 200-day moving average price is $94.64.

About BNY Mellon International Equity ETF

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.