BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) Short Interest Update

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BKEM. Jane Street Group LLC bought a new position in shares of BNY Mellon Emerging Markets Equity ETF during the 1st quarter valued at $1,368,000. Envestnet Asset Management Inc. increased its position in BNY Mellon Emerging Markets Equity ETF by 24.9% during the second quarter. Envestnet Asset Management Inc. now owns 20,534 shares of the company’s stock worth $1,378,000 after buying an additional 4,092 shares during the last quarter. Cetera Investment Advisers increased its position in BNY Mellon Emerging Markets Equity ETF by 10.2% during the second quarter. Cetera Investment Advisers now owns 17,720 shares of the company’s stock worth $1,189,000 after buying an additional 1,644 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in BNY Mellon Emerging Markets Equity ETF by 25.6% during the second 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 in the last quarter. Finally, Park Avenue Securities LLC bought a new position in BNY Mellon Emerging Markets Equity ETF during the third quarter valued at about $375,000.

BNY Mellon Emerging Markets Equity ETF Stock Performance

Shares of BNY Mellon Emerging Markets Equity ETF stock traded down $0.20 during trading on Wednesday, hitting $81.56. 260 shares of the stock traded hands, compared to its average volume of 5,729. The stock has a market cap of $69.33 million, a P/E ratio of 14.60 and a beta of 0.61. The company has a fifty day moving average price of $82.12 and a two-hundred day moving average price of $76.65. BNY Mellon Emerging Markets Equity ETF has a twelve month low of $52.26 and a twelve month high of $88.61.

BNY Mellon Emerging Markets Equity ETF Cuts Dividend

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

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.