BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Short Interest Up 88.1% in June

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley raised its position in shares of BNY Mellon Global Infrastructure Income ETF by 279.9% in the fourth 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 during the last quarter. Avior Wealth Management LLC acquired a new stake in BNY Mellon Global Infrastructure Income ETF during the second quarter worth approximately $31,840,000. Royal Bank of Canada boosted its position in BNY Mellon Global Infrastructure Income ETF by 2,378.6% during the fourth quarter. Royal Bank of Canada now owns 736,563 shares of the company’s stock worth $29,714,000 after acquiring an additional 706,846 shares during the last quarter. Bank of America Corp DE purchased a new stake in BNY Mellon Global Infrastructure Income ETF in the 1st quarter worth approximately $18,059,000. Finally, LPL Financial LLC grew its stake in BNY Mellon Global Infrastructure Income ETF by 34.0% in the 4th quarter. LPL Financial LLC now owns 1,078,957 shares of the company’s stock worth $43,525,000 after acquiring an additional 273,812 shares during the period.

BNY Mellon Global Infrastructure Income ETF Stock Down 0.3%

BKGI opened at $45.30 on Thursday. The firm has a market cap of $217.44 million, a P/E ratio of 14.74 and a beta of 0.60. BNY Mellon Global Infrastructure Income ETF has a 52 week low of $37.50 and a 52 week high of $46.84. The business’s fifty day simple moving average is $45.34 and its 200 day simple moving average is $44.24.

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.