BNY Mellon Global Infrastructure Income ETF (BATS:BKGI – Get Free Report) was the target of a large increase in short interest during the month of 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 trading volume, of 383,601 shares, the days-to-cover ratio is currently 0.7 days. Approximately 5.3% of the shares of the stock are short sold.
Institutional Trading of BNY Mellon Global Infrastructure Income ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in BNY Mellon Global Infrastructure Income ETF during the 4th quarter worth about $30,000. CIBC Private Wealth Group LLC grew its holdings in BNY Mellon Global Infrastructure Income ETF by 516.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,084 shares of the company’s stock valued at $124,000 after buying an additional 2,584 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in BNY Mellon Global Infrastructure Income ETF during the 4th quarter valued at about $205,000. Total Clarity Wealth Management Inc. bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the first quarter valued at about $225,000. Finally, Balefire LLC bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF during the first quarter valued at about $265,000.
BNY Mellon Global Infrastructure Income ETF Stock Up 0.2%
BATS:BKGI opened at $44.64 on Friday. The firm has a market capitalization of $214.27 million, a PE ratio of 14.74 and a beta of 0.60. The stock’s 50-day simple moving average is $45.10 and its 200 day simple moving average is $44.89. BNY Mellon Global Infrastructure Income ETF has a twelve month low of $37.50 and a twelve month high of $46.84.
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.
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