BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) Short Interest Down 16.8% in April

BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 15,482 shares, a decline of 16.8% from the March 31st total of 18,606 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 2,162 shares, the days-to-cover ratio is presently 7.2 days.

BNY Mellon Emerging Markets Equity ETF Stock Performance

BKEM traded down $0.22 during mid-day trading on Friday, reaching $89.24. 2,269 shares of the stock were exchanged, compared to its average volume of 4,332. The stock has a market capitalization of $84.78 million, a PE ratio of 14.60 and a beta of 0.69. The company has a 50 day moving average price of $83.28 and a two-hundred day moving average price of $79.04. BNY Mellon Emerging Markets Equity ETF has a 1 year low of $59.76 and a 1 year high of $89.80.

Hedge Funds Weigh In On BNY Mellon Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC purchased a new position in shares of BNY Mellon Emerging Markets Equity ETF in the 4th quarter worth about $57,000. Park Avenue Securities LLC purchased a new position in shares of BNY Mellon Emerging Markets Equity ETF in the 3rd quarter worth about $375,000. OLD Mission Capital LLC purchased a new position in shares of BNY Mellon Emerging Markets Equity ETF in the 4th quarter worth about $531,000. Symphony Financial Ltd. Co. boosted its holdings in shares of BNY Mellon Emerging Markets Equity ETF by 26.5% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 7,772 shares of the company’s stock worth $572,000 after buying an additional 1,630 shares during the last quarter. Finally, Crux Wealth Advisors boosted its holdings in shares of BNY Mellon Emerging Markets Equity ETF by 12.8% in the 3rd quarter. Crux Wealth Advisors now owns 14,956 shares of the company’s stock worth $1,099,000 after buying an additional 1,699 shares during the last quarter.

BNY Mellon Emerging Markets Equity ETF Company Profile

The BNY Mellon Emerging Markets Equity ETF (BKEM) is an exchange-traded fund that mostly invests in large cap equity. The fund is a passively managed fund with emerging market exposure to broad large-cap stocks, selected and weighted by market cap. BKEM was launched on Apr 24, 2020 and is managed by BNY Mellon.