BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Large Increase in Short Interest

BNY Mellon International Equity ETF (NYSEARCA:BKIE) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 412,246 shares, a growth of 904.0% from the July 15th total of 41,061 shares. Based on an average trading volume of 206,480 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.1% of the shares of the company are sold short.

BNY Mellon International Equity ETF Stock Performance

Shares of NYSEARCA:BKIE traded up $0.17 during trading on Wednesday, hitting $34.97. 16,794 shares of the stock were exchanged, compared to its average volume of 257,495. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 16.44 and a beta of 0.79. BNY Mellon International Equity ETF has a 1-year low of $28.69 and a 1-year high of $35.18. The company’s fifty day simple moving average is $33.52 and its 200-day simple moving average is $32.83.

Institutional Investors Weigh In On BNY Mellon International Equity ETF

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of BNY Mellon International Equity ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 4,776 shares of the company’s stock worth $446,000 after purchasing an additional 114 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in BNY Mellon International Equity ETF by 1.1% during the 4th quarter. Arkadios Wealth Advisors now owns 11,346 shares of the company’s stock valued at $1,050,000 after purchasing an additional 126 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in BNY Mellon International Equity ETF by 57.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 503 shares of the company’s stock valued at $47,000 after buying an additional 183 shares in the last quarter. Harbour Investments Inc. boosted its position in BNY Mellon International Equity ETF by 13.3% in the fourth quarter. Harbour Investments Inc. now owns 1,895 shares of the company’s stock valued at $175,000 after buying an additional 222 shares in the last quarter. Finally, Innovative Wealth Building LLC grew its stake in BNY Mellon International Equity ETF by 0.8% during the fourth quarter. Innovative Wealth Building LLC now owns 40,143 shares of the company’s stock worth $3,716,000 after buying an additional 335 shares during the last quarter.

BNY Mellon International Equity ETF Company Profile

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.