BNY Mellon International Equity ETF (NYSEARCA:BKIE) Sees Significant Growth in Short Interest

BNY Mellon International Equity ETF (NYSEARCA:BKIE) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 171,338 shares, an increase of 536.5% from the September 15th total of 26,919 shares. Based on an average daily trading volume, of 127,969 shares, the short-interest ratio is presently 1.3 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On BNY Mellon International Equity ETF

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in BNY Mellon International Equity ETF by 116.9% during the third quarter. Farther Finance Advisors LLC now owns 15,764 shares of the company’s stock worth $527,000 after purchasing an additional 8,495 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of BNY Mellon International Equity ETF by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 63,759 shares of the company’s stock valued at $6,414,000 after purchasing an additional 1,086 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of BNY Mellon International Equity ETF by 4.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 570,178 shares of the company’s stock valued at $57,360,000 after purchasing an additional 23,995 shares during the period. XY Planning Network Inc. acquired a new position in shares of BNY Mellon International Equity ETF in the 2nd quarter valued at $476,000. Finally, Symphony Financial Ltd. Co. increased its stake in BNY Mellon International Equity ETF by 41.1% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 10,625 shares of the company’s stock worth $1,066,000 after purchasing an additional 3,097 shares in the last quarter.

BNY Mellon International Equity ETF Stock Performance

Shares of NYSEARCA BKIE traded up $0.17 during midday trading on Friday, hitting $33.10. The company’s stock had a trading volume of 113,192 shares, compared to its average volume of 229,874. BNY Mellon International Equity ETF has a 1-year low of $28.96 and a 1-year high of $35.18. The firm’s fifty day moving average price is $34.25 and its 200-day moving average price is $33.33. The firm has a market cap of $1.32 billion, a P/E ratio of 16.44 and a beta of 0.79.

BNY Mellon International Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1911 dividend. This is a negative change from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.8702. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.76 annualized dividend and a dividend yield of 2.3%.

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.