Short Interest in BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Decreases By 67.1%

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 65,303 shares, a decline of 67.1% from the April 15th total of 198,627 shares. Based on an average daily volume of 341,614 shares, the short-interest ratio is presently 0.2 days. Approximately 1.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its holdings in BNY Mellon Global Infrastructure Income ETF by 279.9% in the 4th quarter. Morgan Stanley now owns 1,651,431 shares of the company’s stock worth $66,619,000 after acquiring an additional 1,216,772 shares during the period. LPL Financial LLC raised its holdings 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. Royal Bank of Canada raised its holdings in BNY Mellon Global Infrastructure Income ETF by 2,378.6% in the 4th 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 period. Sovereign Investment Advisors LLC raised its holdings in BNY Mellon Global Infrastructure Income ETF by 8.4% in the 4th quarter. Sovereign Investment Advisors LLC now owns 681,004 shares of the company’s stock worth $27,616,000 after acquiring an additional 52,542 shares during the period. Finally, Modern Wealth Management LLC raised its holdings in BNY Mellon Global Infrastructure Income ETF by 2.0% in the 1st quarter. Modern Wealth Management LLC now owns 471,068 shares of the company’s stock worth $20,925,000 after acquiring an additional 9,025 shares during the period.

BNY Mellon Global Infrastructure Income ETF Trading Down 1.6%

BKGI stock opened at $45.04 on Friday. BNY Mellon Global Infrastructure Income ETF has a 1 year low of $36.79 and a 1 year high of $46.48. The company has a fifty day simple moving average of $44.83 and a 200 day simple moving average of $42.68. The firm has a market cap of $216.19 million, a PE ratio of 14.74 and a beta of 0.60.

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.