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

BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 25,024 shares, a growth of 142.8% from the July 15th total of 10,306 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 14,427 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of BNY Mellon Emerging Markets Equity ETF by 27.3% in the first quarter. Bank of New York Mellon Corp now owns 521,416 shares of the company’s stock worth $41,313,000 after buying an additional 111,942 shares during the period. Jane Street Group LLC purchased a new stake in shares of BNY Mellon Emerging Markets Equity ETF during the 1st quarter valued at about $1,368,000. OLD Mission Capital LLC purchased a new stake in shares of BNY Mellon Emerging Markets Equity ETF during the 4th quarter valued at about $531,000. Cetera Investment Advisers lifted its position in BNY Mellon Emerging Markets Equity ETF by 27.6% during the 1st quarter. Cetera Investment Advisers now owns 25,706 shares of the company’s stock worth $2,037,000 after acquiring an additional 5,565 shares in the last quarter. Finally, Zhang Financial LLC acquired a new position in BNY Mellon Emerging Markets Equity ETF during the 1st quarter worth approximately $208,000.

BNY Mellon Emerging Markets Equity ETF Stock Up 0.6%

Shares of BKEM stock traded up $0.18 during mid-day trading on Friday, reaching $30.67. The company’s stock had a trading volume of 9,918 shares, compared to its average volume of 10,467. The firm has a market capitalization of $87.41 million, a PE ratio of 14.60 and a beta of 0.72. The company’s 50 day simple moving average is $30.48 and its 200-day simple moving average is $29.27. BNY Mellon Emerging Markets Equity ETF has a 12-month low of $22.76 and a 12-month high of $33.51.

BNY Mellon Emerging Markets Equity ETF Company Profile

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.