BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Sees Large Increase in Short Interest

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,969 shares, an increase of 28.9% from the December 15th total of 1,527 shares. Based on an average daily trading volume, of 5,060 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,060 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new stake in BNY Mellon Concentrated International ETF in the third quarter worth about $67,000. Ameritas Advisory Services LLC acquired a new stake in BNY Mellon Concentrated International ETF in the 2nd quarter worth approximately $108,000. Jane Street Group LLC boosted its stake in BNY Mellon Concentrated International ETF by 9.1% in the 2nd quarter. Jane Street Group LLC now owns 45,374 shares of the company’s stock worth $2,330,000 after purchasing an additional 3,794 shares in the last quarter. Park Avenue Securities LLC grew its position in BNY Mellon Concentrated International ETF by 28.5% during the 4th quarter. Park Avenue Securities LLC now owns 24,295 shares of the company’s stock worth $1,253,000 after purchasing an additional 5,387 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in BNY Mellon Concentrated International ETF by 438.9% during the 2nd quarter. Osaic Holdings Inc. now owns 7,749 shares of the company’s stock valued at $398,000 after purchasing an additional 6,311 shares in the last quarter.

BNY Mellon Concentrated International ETF Stock Down 0.0%

NYSEARCA:BKCI opened at $53.06 on Tuesday. The stock has a market capitalization of $185.71 million, a price-to-earnings ratio of 23.08 and a beta of 0.87. BNY Mellon Concentrated International ETF has a 52 week low of $42.85 and a 52 week high of $53.60. The firm has a 50 day moving average of $51.86 and a 200 day moving average of $51.53.

BNY Mellon Concentrated International ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a dividend yield of 138.0%.

About BNY Mellon Concentrated International ETF

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.