Short Interest in BNY Mellon International Equity ETF (NYSEARCA:BKIE) Drops By 82.2%

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 11,167 shares, a decline of 82.2% from the June 15th total of 62,617 shares. Based on an average daily trading volume, of 93,541 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

BNY Mellon International Equity ETF Price Performance

Shares of NYSEARCA BKIE traded up $0.41 during trading hours on Friday, hitting $100.41. 34,704 shares of the stock were exchanged, compared to its average volume of 90,015. BNY Mellon International Equity ETF has a one year low of $82.91 and a one year high of $102.07. The company’s 50 day moving average is $99.60 and its 200 day moving average is $97.39. The firm has a market capitalization of $1.29 billion, a P/E ratio of 16.44 and a beta of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BKIE. Raymond James Financial Inc. grew its position in shares of BNY Mellon International Equity ETF by 13.5% in the second quarter. Raymond James Financial Inc. now owns 11,270 shares of the company’s stock valued at $971,000 after purchasing an additional 1,342 shares during the last quarter. Jane Street Group LLC boosted its stake in BNY Mellon International Equity ETF by 203.3% during the 2nd quarter. Jane Street Group LLC now owns 94,364 shares of the company’s stock valued at $8,131,000 after purchasing an additional 63,247 shares during the period. Private Advisor Group LLC boosted its stake in BNY Mellon International Equity ETF by 15.9% during the 3rd quarter. Private Advisor Group LLC now owns 4,645 shares of the company’s stock valued at $416,000 after purchasing an additional 637 shares during the period. Tortoise Investment Management LLC acquired a new stake in BNY Mellon International Equity ETF in the 3rd quarter valued at approximately $38,000. Finally, Bank of America Corp DE grew its holdings in BNY Mellon International Equity ETF by 90.5% in the 3rd quarter. Bank of America Corp DE now owns 16,872 shares of the company’s stock valued at $1,511,000 after buying an additional 8,013 shares during 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.