(BKIE) BNY Mellon International - Ratings and Ratios

BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that tracks the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR, providing investors with exposure to a diversified portfolio of large- and mid-capitalization companies in developed markets outside the United States. The fund achieves this exposure through a combination of equity securities, depositary receipts, ETFs, and derivatives that replicate the indexs performance.

The underlying index is a market capitalization-weighted index that captures the performance of a broad range of international companies, excluding those in the United States. As a non-diversified fund, BKIEs portfolio is concentrated in the securities that comprise the index, which may result in a higher level of volatility compared to a more diversified fund.

From a technical analysis perspective, BKIEs price action suggests a potential bullish trend. The funds last price is $83.14, which is below its 20-day simple moving average (SMA) of $84.14 but above its 50-day SMA of $81.24. The 200-day SMA is $76.83, indicating a longer-term uptrend. The average true range (ATR) is 1.03, or 1.24% of the last price, suggesting moderate volatility. Given the current technical setup, we can expect BKIEs price to potentially break through its 20-day SMA resistance and continue its upward trajectory, with a target price of $86.00 in the near term.

Fundamentally, BKIE has a substantial asset base, with $821.93 million in assets under management (AUM). This scale can provide investors with a relatively low expense ratio and efficient trading. Considering the funds tracking index and the current market conditions, we forecast that BKIE will continue to benefit from the long-term growth prospects of international developed markets. As the global economy continues to evolve, BKIEs diversified portfolio is likely to remain a stable investment option, with potential for long-term capital appreciation.

Combining both technical and fundamental analysis, our forecast suggests that BKIE is poised for a potential short-term price increase, driven by its technical setup, and is supported by its fundamental strengths, including its diversified portfolio and substantial AUM. Investors should monitor the funds price action and adjust their strategies accordingly.