BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Short Interest Update

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 14,911 shares, a growth of 751.6% from the July 15th total of 1,751 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 7,928 shares, the days-to-cover ratio is presently 1.9 days.

BNY Mellon Concentrated International ETF Stock Performance

NYSEARCA BKCI remained flat at $54.96 during trading hours on Thursday. The company had a trading volume of 4,342 shares, compared to its average volume of 14,590. The firm has a fifty day moving average of $53.51 and a 200-day moving average of $52.41. BNY Mellon Concentrated International ETF has a fifty-two week low of $47.83 and a fifty-two week high of $55.31. The stock has a market cap of $134.65 million, a price-to-earnings ratio of 23.08 and a beta of 0.85.

Hedge Funds Weigh In On BNY Mellon Concentrated International ETF

A number of institutional investors and hedge funds have recently modified their holdings of BKCI. Orion Porfolio Solutions LLC increased its stake in shares of BNY Mellon Concentrated International ETF by 67.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 207,294 shares of the company’s stock valued at $10,288,000 after acquiring an additional 83,565 shares in the last quarter. HighTower Advisors LLC boosted its stake in BNY Mellon Concentrated International ETF by 4.0% during the fourth quarter. HighTower Advisors LLC now owns 156,015 shares of the company’s stock worth $8,046,000 after acquiring an additional 5,943 shares in the last quarter. Royal Bank of Canada boosted its stake in BNY Mellon Concentrated International ETF by 811.8% during the first quarter. Royal Bank of Canada now owns 121,601 shares of the company’s stock worth $5,811,000 after acquiring an additional 108,264 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in BNY Mellon Concentrated International ETF by 1.2% in 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 during the period. Finally, Jane Street Group LLC grew its holdings in BNY Mellon Concentrated International ETF by 9.1% in 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 during the period.

About BNY Mellon Concentrated International ETF

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.