BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) Sees Significant Decline in Short Interest

BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 87 shares, a decrease of 79.7% from the October 15th total of 429 shares. Based on an average daily trading volume, of 1,807 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

BNY Mellon Concentrated Growth ETF Trading Down 0.4%

NYSEARCA BKCG traded down $0.14 on Thursday, hitting $38.95. 116 shares of the company’s stock traded hands, compared to its average volume of 2,421. The firm’s 50-day moving average price is $39.27 and its two-hundred day moving average price is $37.60. The firm has a market capitalization of $119.57 million, a PE ratio of 27.73 and a beta of 0.99. BNY Mellon Concentrated Growth ETF has a 1-year low of $32.94 and a 1-year high of $40.42.

BNY Mellon Concentrated Growth ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.0386 per share. This is a negative change from BNY Mellon Concentrated Growth ETF’s previous quarterly dividend of $0.0640. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.15 annualized dividend and a dividend yield of 0.4%.

Hedge Funds Weigh In On BNY Mellon Concentrated Growth ETF

Hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC acquired a new position in shares of BNY Mellon Concentrated Growth ETF during the 3rd quarter worth about $791,000. NorthRock Partners LLC acquired a new position in shares of BNY Mellon Concentrated Growth ETF in the 2nd quarter valued at $205,000. Finally, Allworth Financial LP purchased a new position in BNY Mellon Concentrated Growth ETF during the third quarter worth about $27,000.

About BNY Mellon Concentrated Growth ETF

The BNY Mellon ETF Trust II – Concentrated Growth ETF (BKCG) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.