BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) Sees Large Increase in Short Interest

BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 25,024 shares, an increase of 142.8% from the July 15th total of 10,306 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 14,427 shares, the short-interest ratio is currently 1.7 days.

BNY Mellon Emerging Markets Equity ETF Trading Up 0.6%

Shares of BNY Mellon Emerging Markets Equity ETF stock opened at $30.67 on Friday. BNY Mellon Emerging Markets Equity ETF has a twelve month low of $22.76 and a twelve month high of $33.51. The stock has a market capitalization of $87.41 million, a P/E ratio of 14.60 and a beta of 0.72. The business’s fifty day moving average price is $30.50 and its 200 day moving average price is $29.28.

Hedge Funds Weigh In On BNY Mellon Emerging Markets Equity ETF

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of BNY Mellon Emerging Markets Equity ETF by 27.6% during the 1st quarter. Cetera Investment Advisers now owns 25,706 shares of the company’s stock worth $2,037,000 after purchasing an additional 5,565 shares during the period. Zhang Financial LLC purchased a new position in BNY Mellon Emerging Markets Equity ETF in the first quarter valued at approximately $208,000. Bank of New York Mellon Corp raised its holdings in BNY Mellon Emerging Markets Equity ETF by 27.3% in the first quarter. Bank of New York Mellon Corp now owns 521,416 shares of the company’s stock valued at $41,313,000 after buying an additional 111,942 shares during the period. Sanctuary Advisors LLC lifted its position in BNY Mellon Emerging Markets Equity ETF by 36.5% during the first quarter. Sanctuary Advisors LLC now owns 8,000 shares of the company’s stock valued at $634,000 after buying an additional 2,141 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in BNY Mellon Emerging Markets Equity ETF during the fourth quarter valued at approximately $531,000.

About BNY Mellon Emerging Markets Equity ETF

The BNY Mellon Emerging Markets Equity ETF (BKEM) is an exchange-traded fund that mostly invests in large cap equity. The fund is a passively managed fund with emerging market exposure to broad large-cap stocks, selected and weighted by market cap. BKEM was launched on Apr 24, 2020 and is managed by BNY Mellon.