BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) Sees Significant Growth in Short Interest

BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 429 shares, an increase of 235.2% from the September 30th total of 128 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,955 shares, the days-to-cover ratio is presently 0.2 days.

BNY Mellon Concentrated Growth ETF Stock Down 1.9%

NYSEARCA:BKCG opened at $38.78 on Friday. The firm has a market capitalization of $119.05 million, a price-to-earnings ratio of 32.83 and a beta of 0.99. BNY Mellon Concentrated Growth ETF has a twelve month low of $32.94 and a twelve month high of $40.42. The stock’s 50 day moving average price is $39.32 and its two-hundred day moving average price is $37.53.

BNY Mellon Concentrated Growth ETF Cuts Dividend

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

Hedge Funds Weigh In On BNY Mellon Concentrated Growth ETF

An institutional investor recently bought a new stake in BNY Mellon Concentrated Growth ETF stock. NorthRock Partners LLC purchased a new position in shares of BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,502 shares of the company’s stock, valued at approximately $205,000. NorthRock Partners LLC owned approximately 0.18% of BNY Mellon Concentrated Growth ETF at the end of the most recent quarter.

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.