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

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 81,973 shares, a drop of 63.2% from the August 31st total of 222,512 shares. Based on an average daily volume of 336,507 shares, the short-interest ratio is currently 0.2 days. Approximately 1.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. NBH Bank purchased a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the second quarter worth $42,000. Total Clarity Wealth Management Inc. purchased a new position in shares of BNY Mellon Global Infrastructure Income ETF in the 1st quarter worth about $225,000. Balefire LLC purchased a new position in shares of BNY Mellon Global Infrastructure Income ETF in the 1st quarter worth about $265,000. Capital Analysts LLC boosted its stake in BNY Mellon Global Infrastructure Income ETF by 6.1% in the 2nd quarter. Capital Analysts LLC now owns 7,976 shares of the company’s stock worth $359,000 after purchasing an additional 459 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in 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 worth $363,000 after purchasing an additional 258 shares in the last quarter.

BNY Mellon Global Infrastructure Income ETF Stock Performance

BKGI stock opened at $42.77 on Monday. The firm has a 50 day moving average price of $44.51 and a 200-day moving average price of $44.87. BNY Mellon Global Infrastructure Income ETF has a 52-week low of $38.33 and a 52-week high of $46.84. The firm has a market capitalization of $205.30 million, a price-to-earnings ratio of 14.74 and a beta of 0.60.

BNY Mellon Global Infrastructure Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.5724 per share. This is a boost from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.2098. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.29 dividend on an annualized basis and a yield of 5.4%.

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.