BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Sees Significant Growth in Short Interest

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,751 shares, a growth of 129.5% from the June 30th total of 763 shares. Based on an average trading volume of 3,785 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

BNY Mellon Concentrated International ETF Stock Performance

NYSEARCA BKCI traded up $0.85 during trading hours on Thursday, hitting $54.08. The company had a trading volume of 4,310 shares, compared to its average volume of 15,228. The firm has a market capitalization of $135.20 million, a price-to-earnings ratio of 23.08 and a beta of 0.85. BNY Mellon Concentrated International ETF has a 52 week low of $47.83 and a 52 week high of $54.30. The firm has a 50 day simple moving average of $53.24 and a 200 day simple moving average of $52.29.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Orion Porfolio Solutions LLC grew its position in BNY Mellon Concentrated International ETF by 67.5% during the second quarter. Orion Porfolio Solutions LLC now owns 207,294 shares of the company’s stock worth $10,288,000 after buying an additional 83,565 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of BNY Mellon Concentrated International ETF by 4.0% in the 4th quarter. HighTower Advisors LLC now owns 156,015 shares of the company’s stock valued at $8,046,000 after acquiring an additional 5,943 shares in the last quarter. Royal Bank of Canada boosted its position in shares of 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 valued at $5,811,000 after acquiring an additional 108,264 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of BNY Mellon Concentrated International ETF by 1.2% during the fourth quarter. JPMorgan Chase & Co. now owns 108,931 shares of the company’s stock worth $5,618,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of BNY Mellon Concentrated International ETF by 9.1% during the second quarter. Jane Street Group LLC now owns 45,374 shares of the company’s stock worth $2,330,000 after purchasing an additional 3,794 shares in the last quarter.

BNY Mellon Concentrated International ETF Company Profile

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.