BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Short Interest Update

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 222,512 shares, a growth of 69.6% from the August 15th total of 131,183 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average daily volume of 670,965 shares, the short-interest ratio is presently 0.3 days.

BNY Mellon Global Infrastructure Income ETF Stock Performance

BATS BKGI opened at $43.52 on Thursday. The stock has a market cap of $208.90 million, a P/E ratio of 14.74 and a beta of 0.60. BNY Mellon Global Infrastructure Income ETF has a fifty-two week low of $38.14 and a fifty-two week high of $46.84. The stock has a 50 day simple moving average of $44.76 and a two-hundred day simple moving average of $44.97.

BNY Mellon Global Infrastructure Income ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.5724 per share. This is a boost from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.21. This represents a $2.29 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of BNY Mellon Global Infrastructure Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKGI. First Trust Advisors LP lifted its stake in shares of BNY Mellon Global Infrastructure Income ETF by 3.3% in the 1st quarter. First Trust Advisors LP now owns 8,151 shares of the company’s stock valued at $363,000 after purchasing an additional 258 shares during the period. Capital Analysts LLC boosted its position in shares of BNY Mellon Global Infrastructure Income ETF by 6.1% during the second quarter. Capital Analysts LLC now owns 7,976 shares of the company’s stock valued at $359,000 after purchasing an additional 459 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in BNY Mellon Global Infrastructure Income ETF by 4.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,276 shares of the company’s stock worth $642,000 after purchasing an additional 599 shares during the period. Sanctuary Advisors LLC grew its stake in BNY Mellon Global Infrastructure Income ETF by 8.2% in the first quarter. Sanctuary Advisors LLC now owns 10,937 shares of the company’s stock worth $487,000 after purchasing an additional 828 shares during the period. Finally, NBH Bank bought a new position in BNY Mellon Global Infrastructure Income ETF in the second quarter worth $42,000.

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.