Short Interest in BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Rises By 69.6%

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 222,512 shares, a growth of 69.6% from the August 15th total of 131,183 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average daily volume of 670,965 shares, the short-interest ratio is presently 0.3 days.

BNY Mellon Global Infrastructure Income ETF Stock Performance

BATS:BKGI opened at $44.02 on Friday. The stock has a 50-day simple moving average of $44.75 and a two-hundred day simple moving average of $44.95. BNY Mellon Global Infrastructure Income ETF has a 52-week low of $38.14 and a 52-week high of $46.84. The firm has a market capitalization of $211.30 million, a PE ratio of 14.74 and a beta of 0.60.

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BNY Mellon Global Infrastructure Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.5724 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, July 1st. This is an increase from BNY Mellon Global Infrastructure Income ETF’s previous quarterly dividend of $0.21.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BKGI. Capital Analysts LLC boosted its position in shares of BNY Mellon Global Infrastructure Income ETF by 6.1% in the second quarter. Capital Analysts LLC now owns 7,976 shares of the company’s stock worth $359,000 after purchasing an additional 459 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of BNY Mellon Global Infrastructure Income ETF by 219.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 67,015 shares of the company’s stock valued at $3,014,000 after buying an additional 46,059 shares in the last quarter. IFP Advisors Inc boosted its holdings in BNY Mellon Global Infrastructure Income ETF by 5.4% in the 2nd quarter. IFP Advisors Inc now owns 22,986 shares of the company’s stock worth $1,034,000 after buying an additional 1,181 shares during the period. PCG Wealth Advisors LLC increased its stake in BNY Mellon Global Infrastructure Income ETF by 59.8% in the 2nd quarter. PCG Wealth Advisors LLC now owns 17,277 shares of the company’s stock worth $777,000 after buying an additional 6,468 shares in the last quarter. Finally, NBH Bank purchased a new stake in BNY Mellon Global Infrastructure Income ETF in the 2nd quarter worth $42,000.

About BNY Mellon Global Infrastructure Income ETF

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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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