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

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 22,884 shares, a drop of 98.4% from the April 15th total of 1,473,636 shares. Based on an average daily volume of 54,763 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

BNY Mellon International Equity ETF Trading Down 0.0%

BKIE traded down $0.03 on Monday, reaching $99.39. The stock had a trading volume of 42,084 shares, compared to its average volume of 107,456. BNY Mellon International Equity ETF has a 12-month low of $80.86 and a 12-month high of $101.87. The business’s 50-day moving average price is $95.94 and its two-hundred day moving average price is $94.64. The company has a market cap of $1.23 billion, a P/E ratio of 16.44 and a beta of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKIE. Raymond James Financial Inc. increased its holdings in BNY Mellon International Equity ETF by 13.5% in the second quarter. Raymond James Financial Inc. now owns 11,270 shares of the company’s stock valued at $971,000 after buying an additional 1,342 shares in the last quarter. Jane Street Group LLC increased its holdings in BNY Mellon International Equity ETF by 203.3% in the second quarter. Jane Street Group LLC now owns 94,364 shares of the company’s stock valued at $8,131,000 after buying an additional 63,247 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in BNY Mellon International Equity ETF by 103.7% in the third quarter. Capital Investment Advisors LLC now owns 12,375 shares of the company’s stock valued at $1,108,000 after buying an additional 6,300 shares in the last quarter. MGO One Seven LLC increased its holdings in BNY Mellon International Equity ETF by 5.2% in the third quarter. MGO One Seven LLC now owns 431,756 shares of the company’s stock valued at $38,664,000 after buying an additional 21,215 shares in the last quarter. Finally, Flagship Wealth Advisors LLC increased its holdings in BNY Mellon International Equity ETF by 12.7% in the third quarter. Flagship Wealth Advisors LLC now owns 52,399 shares of the company’s stock valued at $4,692,000 after buying an additional 5,891 shares in the last quarter.

About BNY Mellon International Equity ETF

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.