BNY Mellon Concentrated International ETF (NYSEARCA:BKCI – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 14,911 shares, an increase of 751.6% from the July 15th total of 1,751 shares. Based on an average daily volume of 7,928 shares, the short-interest ratio is presently 1.9 days. Currently, 0.6% of the company’s shares are short sold.
Hedge Funds Weigh In On BNY Mellon Concentrated International ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in BNY Mellon Concentrated International ETF in the 4th quarter valued at $75,000. Rockefeller Capital Management L.P. boosted its stake in BNY Mellon Concentrated International ETF by 33.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,366 shares of the company’s stock worth $277,000 after purchasing an additional 1,336 shares during the last quarter. World Equity Group Inc. purchased a new stake in shares of BNY Mellon Concentrated International ETF during the first quarter worth $339,000. Osaic Holdings Inc. grew its holdings in shares of BNY Mellon Concentrated International ETF by 438.9% during the second quarter. Osaic Holdings Inc. now owns 7,749 shares of the company’s stock worth $398,000 after buying an additional 6,311 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of BNY Mellon Concentrated International ETF in the fourth quarter valued at about $837,000.
BNY Mellon Concentrated International ETF Stock Performance
BNY Mellon Concentrated International ETF stock remained flat at $55.22 during midday trading on Wednesday. 4,290 shares of the company were exchanged, compared to its average volume of 14,658. The company has a market capitalization of $135.29 million, a price-to-earnings ratio of 23.08 and a beta of 0.85. BNY Mellon Concentrated International ETF has a 12 month low of $47.83 and a 12 month high of $55.31. The stock has a 50-day simple moving average of $53.48 and a two-hundred day simple moving average of $52.40.
BNY Mellon Concentrated International ETF Company Profile
The BNY Mellon Concentrated International ETF (BKCI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund relying heavily on fundamental research to select a narrow basket of stocks, of any market capitalization, from developed markets outside of the US. BKCI was launched on Dec 6, 2021 and is managed by BNY Mellon.
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