BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Stock Short Interest Falls 63.2%

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 81,973 shares, a drop of 63.2% from the August 31st total of 222,512 shares. Based on an average trading volume of 336,507 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.7% of the company’s shares are sold short.

Institutional Investors Weigh In On BNY Mellon Global Infrastructure Income ETF

Several institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new position in BNY Mellon Global Infrastructure Income ETF during the 2nd quarter valued at approximately $31,840,000. Royal Bank of Canada grew its position in shares of BNY Mellon Global Infrastructure Income ETF by 75.6% in the 1st quarter. Royal Bank of Canada now owns 1,293,694 shares of the company’s stock worth $57,622,000 after buying an additional 557,131 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of BNY Mellon Global Infrastructure Income ETF during the first quarter valued at approximately $18,059,000. Dynamic Advisor Solutions LLC purchased a new position in shares of BNY Mellon Global Infrastructure Income ETF during the second quarter valued at approximately $7,491,000. Finally, Private Advisor Group LLC raised its holdings in shares of BNY Mellon Global Infrastructure Income ETF by 155.9% during the first quarter. Private Advisor Group LLC now owns 190,859 shares of the company’s stock valued at $8,501,000 after acquiring an additional 116,273 shares in the last quarter.

BNY Mellon Global Infrastructure Income ETF Trading Down 0.7%

BKGI stock traded down $0.30 during midday trading on Tuesday, hitting $42.34. The company had a trading volume of 84,734 shares, compared to its average volume of 315,749. BNY Mellon Global Infrastructure Income ETF has a 52 week low of $38.33 and a 52 week high of $46.84. The stock’s 50 day moving average price is $44.45 and its 200 day moving average price is $44.86. The stock has a market cap of $203.23 million, a price-to-earnings ratio of 14.74 and a beta of 0.60.

About BNY Mellon Global Infrastructure Income ETF

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.