Short Interest in BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Drops By 48.3%

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 131,183 shares, a decrease of 48.3% from the July 30th total of 253,972 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 284,946 shares, the short-interest ratio is currently 0.5 days.

BNY Mellon Global Infrastructure Income ETF Price Performance

Shares of BKGI opened at $44.24 on Friday. BNY Mellon Global Infrastructure Income ETF has a 1-year low of $37.50 and a 1-year high of $46.84. The company has a market capitalization of $212.35 million, a P/E ratio of 14.74 and a beta of 0.60. The firm’s 50 day simple moving average is $44.97 and its 200 day simple moving average is $45.04.

Institutional Trading of BNY Mellon Global Infrastructure Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of BNY Mellon Global Infrastructure Income ETF by 279.9% during the 4th quarter. Morgan Stanley now owns 1,651,431 shares of the company’s stock valued at $66,619,000 after buying an additional 1,216,772 shares in the last quarter. Royal Bank of Canada grew its position in BNY Mellon Global Infrastructure Income ETF by 75.6% in the first quarter. Royal Bank of Canada now owns 1,293,694 shares of the company’s stock worth $57,622,000 after acquiring an additional 557,131 shares in the last quarter. LPL Financial LLC increased its stake in BNY Mellon Global Infrastructure Income ETF by 34.0% in the fourth quarter. LPL Financial LLC now owns 1,078,957 shares of the company’s stock valued at $43,525,000 after acquiring an additional 273,812 shares during the last quarter. Avior Wealth Management LLC bought a new position in BNY Mellon Global Infrastructure Income ETF in the second quarter valued at $31,840,000. Finally, Sovereign Investment Advisors LLC raised its position in BNY Mellon Global Infrastructure Income ETF by 8.4% during the fourth quarter. Sovereign Investment Advisors LLC now owns 681,004 shares of the company’s stock valued at $27,616,000 after purchasing an additional 52,542 shares in the last quarter.

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.