BNY Mellon International Equity ETF (NYSEARCA:BKIE) Stock Short Interest Drops 91.6%

BNY Mellon International Equity ETF (NYSEARCA:BKIE) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 26,919 shares, a decline of 91.6% from the August 31st total of 321,976 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 108,830 shares, the days-to-cover ratio is currently 0.2 days.

BNY Mellon International Equity ETF Stock Down 0.1%

Shares of BKIE traded down $0.03 on Thursday, reaching $33.69. The stock had a trading volume of 139,377 shares, compared to its average volume of 233,253. BNY Mellon International Equity ETF has a twelve month low of $28.96 and a twelve month high of $35.18. The firm has a market capitalization of $1.33 billion, a PE ratio of 16.44 and a beta of 0.79. The firm has a 50-day moving average of $34.27 and a 200 day moving average of $33.19.

BNY Mellon International Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.8702 dividend. This represents a $3.48 annualized dividend and a yield of 10.3%. This is a positive change from BNY Mellon International Equity ETF’s previous quarterly dividend of $0.7629. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Certified Advisory Corp boosted its position in shares of BNY Mellon International Equity ETF by 317.0% in the 1st quarter. Certified Advisory Corp now owns 11,747 shares of the company’s stock worth $1,098,000 after buying an additional 8,930 shares in the last quarter. Flagship Wealth Advisors LLC raised its position in BNY Mellon International Equity ETF by 45.6% during the fourth quarter. Flagship Wealth Advisors LLC now owns 76,301 shares of the company’s stock worth $7,062,000 after acquiring an additional 23,902 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of BNY Mellon International Equity ETF by 4.4% in the second quarter. Integrated Wealth Concepts LLC now owns 570,178 shares of the company’s stock valued at $57,360,000 after purchasing an additional 23,995 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of BNY Mellon International Equity ETF by 126.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 97,794 shares of the company’s stock valued at $9,052,000 after purchasing an additional 54,642 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of BNY Mellon International Equity ETF by 109.0% during the 1st quarter. NewEdge Advisors LLC now owns 30,639 shares of the company’s stock worth $2,863,000 after purchasing an additional 15,978 shares in the last quarter.

BNY Mellon International Equity ETF Company Profile

The BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index of large-caps in the Developed Markets outside of US. BKIE was launched on Apr 24, 2020 and is managed by BNY Mellon.