BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) Shares Shorted: Short Interest Down 79.7% in October

BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 87 shares, a drop of 79.7% from the October 15th total of 429 shares. Based on an average trading volume of 1,807 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of BNY Mellon Concentrated Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new position in shares of BNY Mellon Concentrated Growth ETF during the 3rd quarter worth approximately $791,000. Allworth Financial LP purchased a new position in shares of BNY Mellon Concentrated Growth ETF during the 3rd quarter valued at approximately $27,000. Finally, NorthRock Partners LLC purchased a new position in shares of BNY Mellon Concentrated Growth ETF during the 2nd quarter valued at approximately $205,000.

BNY Mellon Concentrated Growth ETF Stock Performance

Shares of BNY Mellon Concentrated Growth ETF stock traded down $0.11 on Friday, hitting $38.73. The company’s stock had a trading volume of 2,689 shares, compared to its average volume of 2,414. The company has a market capitalization of $118.90 million, a price-to-earnings ratio of 27.73 and a beta of 0.99. BNY Mellon Concentrated Growth ETF has a 1 year low of $32.94 and a 1 year high of $40.42. The firm has a fifty day moving average price of $39.27 and a 200-day moving average price of $37.62.

BNY Mellon Concentrated Growth ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.0386 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from BNY Mellon Concentrated Growth ETF’s previous quarterly dividend of $0.0640. This represents a $0.15 annualized dividend and a yield of 0.4%.

About BNY Mellon Concentrated Growth ETF

The BNY Mellon ETF Trust II – Concentrated Growth ETF (BKCG) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.