BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Sees Significant Decrease in Short Interest

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,821 shares, a drop of 62.3% from the September 30th total of 12,778 shares. Based on an average daily volume of 6,689 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

BNY Mellon Concentrated International ETF Price Performance

Shares of NYSEARCA BKCI traded down $0.24 during mid-day trading on Friday, hitting $53.42. The company had a trading volume of 2,175 shares, compared to its average volume of 11,968. The business’s 50-day simple moving average is $52.91 and its 200-day simple moving average is $52.61. The firm has a market cap of $130.88 million, a P/E ratio of 23.08 and a beta of 0.85. BNY Mellon Concentrated International ETF has a 12 month low of $47.83 and a 12 month high of $55.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKCI. Harbor Group Inc. boosted its holdings in BNY Mellon Concentrated International ETF by 4.5% during the third quarter. Harbor Group Inc. now owns 1,059,152 shares of the company’s stock worth $54,710,000 after purchasing an additional 45,990 shares during the last quarter. Weil Company Inc. bought a new position in shares of BNY Mellon Concentrated International ETF during the third quarter worth approximately $1,407,000. Bank of America Corp DE raised its stake 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 BNY Mellon Concentrated International ETF during the first quarter valued at approximately $339,000. Finally, Rockefeller Capital Management L.P. grew its position in BNY Mellon Concentrated International ETF by 33.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,366 shares of the company’s stock valued at $277,000 after acquiring an additional 1,336 shares during the last quarter.

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.