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

BNY Mellon Concentrated Growth ETF (NYSEARCA:BKCG) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 98 shares, a decrease of 38.4% from the July 15th total of 159 shares. Based on an average daily volume of 2,313 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of BNY Mellon Concentrated Growth ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKCG. Raymond James Financial Inc. acquired a new stake in shares of BNY Mellon Concentrated Growth ETF in the second quarter worth approximately $354,000. Osaic Holdings Inc. raised its stake in BNY Mellon Concentrated Growth ETF by 68.5% during the second quarter. Osaic Holdings Inc. now owns 8,529 shares of the company’s stock worth $295,000 after purchasing an additional 3,467 shares during the period. FSA Wealth Management LLC acquired a new position in shares of BNY Mellon Concentrated Growth ETF in the 3rd quarter valued at $26,000. Advisory Services Network LLC acquired a new position in shares of BNY Mellon Concentrated Growth ETF in the 3rd quarter valued at $37,000. Finally, Allworth Financial LP acquired a new position in shares of BNY Mellon Concentrated Growth ETF in the 4th quarter valued at $27,000.

BNY Mellon Concentrated Growth ETF Stock Down 0.9%

Shares of NYSEARCA:BKCG traded down $0.36 during midday trading on Tuesday, reaching $39.05. The company’s stock had a trading volume of 1,552 shares, compared to its average volume of 2,601. The firm has a market cap of $122.23 million, a price-to-earnings ratio of 32.83 and a beta of 1.01. BNY Mellon Concentrated Growth ETF has a 1 year low of $32.94 and a 1 year high of $39.98. The business has a 50 day moving average price of $37.91 and a 200 day moving average price of $36.88.

BNY Mellon Concentrated Growth ETF Company Profile

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.