BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) Short Interest Update

BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 25,024 shares, a growth of 142.8% from the July 15th total of 10,306 shares. Based on an average daily volume of 14,427 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.9% of the shares of the stock are short sold.

BNY Mellon Emerging Markets Equity ETF Trading Up 0.6%

Shares of BNY Mellon Emerging Markets Equity ETF stock traded up $0.18 during mid-day trading on Friday, hitting $30.67. 9,918 shares of the stock were exchanged, compared to its average volume of 10,467. BNY Mellon Emerging Markets Equity ETF has a twelve month low of $22.76 and a twelve month high of $33.51. The stock has a market capitalization of $87.41 million, a price-to-earnings ratio of 14.60 and a beta of 0.72. The company has a 50-day simple moving average of $30.50 and a 200 day simple moving average of $29.28.

Hedge Funds Weigh In On BNY Mellon Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of BKEM. Cetera Investment Advisers boosted its position in BNY Mellon Emerging Markets Equity ETF by 27.6% during the first quarter. Cetera Investment Advisers now owns 25,706 shares of the company’s stock worth $2,037,000 after acquiring an additional 5,565 shares during the last quarter. Zhang Financial LLC acquired a new position in BNY Mellon Emerging Markets Equity ETF in the 1st quarter valued at $208,000. Bank of New York Mellon Corp lifted its stake in shares of BNY Mellon Emerging Markets Equity ETF by 27.3% during the 1st quarter. Bank of New York Mellon Corp now owns 521,416 shares of the company’s stock worth $41,313,000 after purchasing an additional 111,942 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of BNY Mellon Emerging Markets Equity ETF by 36.5% during the 1st quarter. Sanctuary Advisors LLC now owns 8,000 shares of the company’s stock worth $634,000 after purchasing an additional 2,141 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in shares of BNY Mellon Emerging Markets Equity ETF during the fourth quarter worth $531,000.

About BNY Mellon Emerging Markets Equity ETF

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.