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 growth in short interest in the month of June. As of June 30th, there was short interest totaling 116,965 shares, a growth 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

Hedge funds have recently made changes to their positions in the stock. Morgan Stanley raised its stake in 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 during the last quarter. Avior Wealth Management LLC purchased a new position in shares of BNY Mellon Global Infrastructure Income ETF in the 2nd quarter worth $31,840,000. Royal Bank of Canada grew its holdings in shares of BNY Mellon Global Infrastructure Income ETF by 2,378.6% in 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 period. Bank of America Corp DE bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the first quarter worth $18,059,000. Finally, LPL Financial LLC increased its position in BNY Mellon Global Infrastructure Income ETF by 34.0% during 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.

BNY Mellon Global Infrastructure Income ETF Trading Up 0.6%

Shares of BATS:BKGI opened at $45.70 on Friday. BNY Mellon Global Infrastructure Income ETF has a 12 month low of $37.50 and a 12 month high of $46.84. The company has a 50 day moving average of $45.35 and a 200 day moving average of $44.29. The stock has a market cap of $219.36 million, a P/E ratio of 14.74 and a beta of 0.60.

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.