Short Interest in BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Increases By 751.6%

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

Institutional Trading of BNY Mellon Concentrated International ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in BNY Mellon Concentrated International ETF by 148.7% in the first quarter. Bank of America Corp DE now owns 24,038 shares of the company’s stock valued at $1,189,000 after purchasing an additional 14,371 shares in the last quarter. World Equity Group Inc. acquired a new position in shares of BNY Mellon Concentrated International ETF during the 1st quarter worth about $339,000. Rockefeller Capital Management L.P. boosted its stake in shares of BNY Mellon Concentrated International ETF by 33.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,366 shares of the company’s stock worth $277,000 after buying an additional 1,336 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of BNY Mellon Concentrated International ETF during the 4th quarter worth about $75,000. Finally, Jane Street Group LLC bought a new position in shares of BNY Mellon Concentrated International ETF in the 4th quarter valued at about $837,000.

BNY Mellon Concentrated International ETF Price Performance

Shares of NYSEARCA BKCI traded up $0.09 during midday trading on Tuesday, reaching $55.22. 4,290 shares of the stock were exchanged, compared to its average volume of 14,658. BNY Mellon Concentrated International ETF has a 12 month low of $47.83 and a 12 month high of $55.31. The company has a market capitalization of $135.29 million, a price-to-earnings ratio of 23.08 and a beta of 0.85. The business has a 50-day simple moving average of $53.48 and a two-hundred day simple moving average of $52.40.

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.