BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Stock Short Interest Report for October

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 12,200 shares, a drop of 82.4% from the October 15th total of 69,327 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 397,368 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of BNY Mellon Global Infrastructure Income ETF

Large investors have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new position in shares of BNY Mellon Global Infrastructure Income ETF during the 3rd quarter valued at approximately $456,124,000. Avior Wealth Management LLC bought a new stake in BNY Mellon Global Infrastructure Income ETF in the second quarter worth $31,840,000. Royal Bank of Canada increased its position in BNY Mellon Global Infrastructure Income ETF by 75.6% in the first quarter. Royal Bank of Canada now owns 1,293,694 shares of the company’s stock worth $57,622,000 after purchasing an additional 557,131 shares during the last quarter. Bank of America Corp DE purchased a new stake in BNY Mellon Global Infrastructure Income ETF during the first quarter valued at $18,059,000. Finally, Commonwealth Equity Services LLC purchased a new stake in BNY Mellon Global Infrastructure Income ETF during the third quarter valued at $13,018,000.

BNY Mellon Global Infrastructure Income ETF Trading Up 0.0%

Shares of BKGI stock opened at $43.03 on Friday. BNY Mellon Global Infrastructure Income ETF has a 12-month low of $39.67 and a 12-month high of $46.84. The stock’s 50-day moving average price is $42.57 and its 200-day moving average price is $44.29. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.59 and a beta of 0.49.

BNY Mellon Global Infrastructure Income ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.2865 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.15 annualized dividend and a yield of 2.7%. This is a drop from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.5724.

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.