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

BNY Mellon Global Infrastructure Income ETF (BATS:BKGIGet Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 253,972 shares, an increase of 174.6% from the July 15th total of 92,480 shares. Based on an average daily volume of 383,601 shares, the days-to-cover ratio is presently 0.7 days. Currently, 5.3% of the company’s stock are short sold.

Institutional Investors Weigh In On BNY Mellon Global Infrastructure Income ETF

Several large investors have recently made changes to their positions in BKGI. Kestra Advisory Services LLC acquired a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the fourth quarter worth $30,000. CIBC Private Wealth Group LLC boosted its stake in BNY Mellon Global Infrastructure Income ETF by 516.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,084 shares of the company’s stock worth $124,000 after purchasing an additional 2,584 shares during the period. Arkadios Wealth Advisors acquired a new position in BNY Mellon Global Infrastructure Income ETF in the 4th quarter worth $205,000. Total Clarity Wealth Management Inc. acquired a new position in BNY Mellon Global Infrastructure Income ETF in the 1st quarter worth $225,000. Finally, Balefire LLC bought a new position in BNY Mellon Global Infrastructure Income ETF during the 1st quarter worth about $265,000.

BNY Mellon Global Infrastructure Income ETF Stock Performance

Shares of BKGI stock opened at $44.64 on Friday. The company has a market capitalization of $214.27 million, a P/E ratio of 14.74 and a beta of 0.60. The company’s 50 day moving average price is $45.10 and its two-hundred day moving average price is $44.89. BNY Mellon Global Infrastructure Income ETF has a 52 week low of $37.50 and a 52 week high of $46.84.

About BNY Mellon Global Infrastructure Income ETF

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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.

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