Short Interest in BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) Declines By 39.1%

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 763 shares, a drop of 39.1% from the June 15th total of 1,253 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 11,215 shares, the days-to-cover ratio is currently 0.1 days.

BNY Mellon Concentrated International ETF Price Performance

BNY Mellon Concentrated International ETF stock traded down $0.50 during midday trading on Thursday, hitting $53.08. 474 shares of the company were exchanged, compared to its average volume of 15,745. The company’s fifty day moving average price is $53.16 and its 200-day moving average price is $52.24. The company has a market cap of $132.70 million, a PE ratio of 23.08 and a beta of 0.85. BNY Mellon Concentrated International ETF has a fifty-two week low of $47.83 and a fifty-two week high of $54.30.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in BNY Mellon Concentrated International ETF during the 4th quarter valued at $75,000. Rockefeller Capital Management L.P. increased 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 buying an additional 1,336 shares during the period. World Equity Group Inc. acquired a new position in BNY Mellon Concentrated International ETF in the 1st quarter worth $339,000. Osaic Holdings Inc. lifted its holdings in BNY Mellon Concentrated International ETF by 438.9% in the 2nd 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 purchased a new position in BNY Mellon Concentrated International ETF in the 4th quarter valued at about $837,000.

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.