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

BNY Mellon Concentrated International ETF (NYSEARCA:BKCI) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,817 shares, an increase of 43.1% from the December 31st total of 1,969 shares. Based on an average daily volume of 9,499 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 9,499 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BNY Mellon Concentrated International ETF

A number of large investors have recently made changes to their positions in BKCI. Atlantic Union Bankshares Corp purchased a new position in BNY Mellon Concentrated International ETF during the third quarter worth about $67,000. Ameritas Advisory Services LLC acquired a new stake in shares of BNY Mellon Concentrated International ETF during the 2nd quarter worth approximately $108,000. Osaic Holdings Inc. increased its holdings in shares of 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 worth $398,000 after buying an additional 6,311 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of BNY Mellon Concentrated International ETF by 223.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,465 shares of the company’s stock valued at $794,000 after buying an additional 10,681 shares during the period. Finally, Park Avenue Securities LLC raised its position in shares of BNY Mellon Concentrated International ETF by 69.6% during the 3rd quarter. Park Avenue Securities LLC now owns 18,908 shares of the company’s stock valued at $974,000 after buying an additional 7,758 shares during the period.

BNY Mellon Concentrated International ETF Stock Down 0.8%

Shares of NYSEARCA BKCI opened at $52.53 on Friday. The company’s 50-day simple moving average is $52.21 and its 200-day simple moving average is $51.61. BNY Mellon Concentrated International ETF has a 52-week low of $42.85 and a 52-week high of $53.72. The firm has a market cap of $183.86 million, a price-to-earnings ratio of 23.08 and a beta of 0.87.

BNY Mellon Concentrated International ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, December 29th. This represents a 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.