Short Interest in BNY Mellon International Equity ETF (NYSEARCA:BKIE) Rises By 35.1%

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 63,349 shares, an increase of 35.1% from the January 29th total of 46,884 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 76,568 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 76,568 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors lifted its position in BNY Mellon International Equity ETF by 1.1% in the fourth 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. Key Financial Inc increased its stake in shares of BNY Mellon International Equity ETF by 38.2% in the second quarter. Key Financial Inc now owns 478 shares of the company’s stock worth $41,000 after buying an additional 132 shares during the period. Harbour Investments Inc. increased its stake in shares of 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 worth $175,000 after buying an additional 222 shares during the period. Birchbrook Inc. bought a new stake in BNY Mellon International Equity ETF during the 3rd quarter valued at $25,000. Finally, Innovative Wealth Building LLC boosted its position in BNY Mellon International Equity ETF by 0.8% during the 4th quarter. Innovative Wealth Building LLC now owns 40,143 shares of the company’s stock valued at $3,716,000 after buying an additional 335 shares during the period.

BNY Mellon International Equity ETF Stock Down 1.6%

Shares of BKIE stock traded down $1.58 during trading on Monday, hitting $99.88. The company had a trading volume of 85,029 shares, compared to its average volume of 60,203. The stock’s 50-day moving average is $96.90 and its two-hundred day moving average is $92.21. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 16.44 and a beta of 0.85. BNY Mellon International Equity ETF has a 52 week low of $68.09 and a 52 week high of $101.87.

BNY Mellon International Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a dividend of $1.0429 per share. This is an increase from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, December 29th. This represents a $4.17 annualized dividend and a dividend yield of 4.2%.

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.