Loading…
Loading…


NEW YORK--(BUSINESS WIRE)--BNY Mellon ETF Investment Adviser, LLC today announced that five of their ETFs will undergo forward share splits at a ratio of 3-for-1. A forward share split increases an ETF's number of shares outstanding while decreasing its Net Asset Value ("NAV") per share accordingly. The total value of a shareholder's investment will remain unchanged.

BNY Mellon Emerging Markets Equity ETF (NYSEARCA:BKEM - Get Free Report) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 14,886 shares, an increase of 14.6% from the February 12th total of 12,992 shares. Approximately 1.8% of the company's shares