BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) Sees Large Growth 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 February. As of February 27th, there was short interest totaling 14,886 shares, an increase of 14.6% from the February 12th total of 12,992 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 4,109 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily trading volume, of 4,109 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.8% of the company’s shares are sold short.

BNY Mellon Emerging Markets Equity ETF Price Performance

BKEM opened at $80.61 on Thursday. BNY Mellon Emerging Markets Equity ETF has a fifty-two week low of $52.26 and a fifty-two week high of $88.61. The firm has a market capitalization of $68.52 million, a price-to-earnings ratio of 14.60 and a beta of 0.61. The company’s 50 day moving average price is $82.17 and its two-hundred day moving average price is $76.68.

BNY Mellon Emerging Markets Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were issued a dividend of $0.1984 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, December 29th.

Institutional Trading of BNY Mellon Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in BNY Mellon Emerging Markets Equity ETF during the 1st quarter worth $1,368,000. Flow Traders U.S. LLC grew its position in shares of BNY Mellon Emerging Markets Equity ETF by 25.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 78,814 shares of the company’s stock valued at $5,287,000 after buying an additional 16,073 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of BNY Mellon Emerging Markets Equity ETF by 44.9% in the third quarter. Envestnet Asset Management Inc. now owns 29,753 shares of the company’s stock valued at $2,186,000 after buying an additional 9,219 shares during the period. OLD Mission Capital LLC bought a new position in shares of BNY Mellon Emerging Markets Equity ETF during the fourth quarter worth about $531,000. Finally, Park Avenue Securities LLC bought a new position in shares of BNY Mellon Emerging Markets Equity ETF during the third quarter worth about $375,000.

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.