BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Sees Significant Growth in Short Interest

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 116,965 shares, a growth of 88.1% from the June 15th total of 62,188 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 182,916 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On BNY Mellon Global Infrastructure Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new position in shares of BNY Mellon Global Infrastructure Income ETF in the fourth quarter worth about $30,000. CIBC Private Wealth Group LLC grew its stake in shares of BNY Mellon Global Infrastructure Income ETF by 516.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,084 shares of the company’s stock valued at $124,000 after purchasing an additional 2,584 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the fourth quarter valued at approximately $205,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the first quarter valued at approximately $225,000. Finally, Balefire LLC acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the first quarter valued at approximately $265,000.

BNY Mellon Global Infrastructure Income ETF Stock Performance

Shares of BATS:BKGI opened at $45.44 on Friday. BNY Mellon Global Infrastructure Income ETF has a twelve month low of $37.50 and a twelve month high of $46.84. The firm has a market cap of $218.11 million, a PE ratio of 14.74 and a beta of 0.60. The business has a fifty day moving average of $45.35 and a 200-day moving average of $44.28.

BNY Mellon Global Infrastructure Income ETF Company Profile

The Bny Mellon Global Infrastructure Income ETF (BKGI) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund is an actively managed fund of global dividend-paying companies involved in the infrastructure industry. BKGI was launched on Nov 2, 2022 and is managed by BNY Mellon.