BNY Mellon Global Infrastructure Income ETF (BATS:BKGI – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 131,183 shares, a decline of 48.3% from the July 30th total of 253,972 shares. Based on an average trading volume of 284,946 shares, the short-interest ratio is presently 0.5 days. Approximately 2.7% of the shares of the company are short sold.
Hedge Funds Weigh In On BNY Mellon Global Infrastructure Income ETF
A number of large investors have recently made changes to their positions in BKGI. Morgan Stanley raised its stake in shares of 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 purchasing an additional 1,216,772 shares during the period. Royal Bank of Canada boosted its stake in BNY Mellon Global Infrastructure Income ETF by 75.6% in the 1st 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 period. LPL Financial LLC grew its holdings in BNY Mellon Global Infrastructure Income ETF by 34.0% during the 4th quarter. LPL Financial LLC now owns 1,078,957 shares of the company’s stock valued at $43,525,000 after buying an additional 273,812 shares in the last quarter. Avior Wealth Management LLC purchased a new position in BNY Mellon Global Infrastructure Income ETF during the 2nd quarter valued at about $31,840,000. Finally, Sovereign Investment Advisors LLC increased its position in shares of BNY Mellon Global Infrastructure Income ETF by 8.4% during the fourth quarter. Sovereign Investment Advisors LLC now owns 681,004 shares of the company’s stock valued at $27,616,000 after buying an additional 52,542 shares during the period.
BNY Mellon Global Infrastructure Income ETF Trading Down 0.4%
BNY Mellon Global Infrastructure Income ETF stock opened at $44.24 on Friday. BNY Mellon Global Infrastructure Income ETF has a 1-year low of $37.50 and a 1-year high of $46.84. The firm has a market capitalization of $212.35 million, a price-to-earnings ratio of 14.74 and a beta of 0.60. The firm has a 50 day simple moving average of $44.97 and a 200 day simple moving average of $45.04.
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.
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