BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Unusually-High Trading Volume – Here’s Why

BNY Mellon International Equity ETF (NYSEARCA:BKIE) shares saw unusually-strong trading volume on Friday . Approximately 371,075 shares changed hands during mid-day trading, an increase of 309% from the previous session’s volume of 90,663 shares.The stock last traded at $99.88 and had previously closed at $99.82.

BNY Mellon International Equity ETF Stock Performance

The firm has a market cap of $1.23 billion, a P/E ratio of 16.44 and a beta of 0.79. The firm has a fifty day moving average of $99.05 and a 200-day moving average of $96.82.

Institutional Trading of BNY Mellon International Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BKIE. Raymond James Financial Inc. boosted its stake in BNY Mellon International Equity ETF by 13.5% during the second quarter. Raymond James Financial Inc. now owns 11,270 shares of the company’s stock valued at $971,000 after buying an additional 1,342 shares in the last quarter. Jane Street Group LLC boosted its holdings in BNY Mellon International Equity ETF by 203.3% during the second quarter. Jane Street Group LLC now owns 94,364 shares of the company’s stock worth $8,131,000 after buying an additional 63,247 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of BNY Mellon International Equity ETF by 95.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 390,947 shares of the company’s stock valued at $35,009,000 after buying an additional 191,020 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of BNY Mellon International Equity ETF by 15.9% during the third 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 last quarter. Finally, Tortoise Investment Management LLC acquired a new stake in shares of BNY Mellon International Equity ETF during the third quarter valued at approximately $38,000.

About BNY Mellon International Equity ETF

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.