BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) Shares Shorted: Short Interest Down 82.4% in October

BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) saw a large drop in short interest in the month of 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 397,368 shares, the days-to-cover ratio is currently 0.0 days.

BNY Mellon Global Infrastructure Income ETF Trading Down 0.3%

BATS BKGI opened at $43.01 on Thursday. The stock’s 50 day moving average is $42.59 and its 200 day moving average is $44.29. BNY Mellon Global Infrastructure Income ETF has a 12 month low of $39.67 and a 12 month high of $46.84. The stock has a market cap of $1.97 billion, a PE ratio of 17.59 and a beta of 0.49.

BNY Mellon Global Infrastructure Income ETF Cuts Dividend

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

Institutional Investors Weigh In On BNY Mellon Global Infrastructure Income ETF

Several institutional investors and hedge funds have recently modified their holdings of BKGI. NBH Bank purchased a new position in BNY Mellon Global Infrastructure Income ETF during the second quarter valued at $42,000. Jacobi Capital Management LLC bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the third quarter worth about $64,000. Focus Advisor Solutions LLC bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the third quarter worth about $202,000. Opus Financial Solutions LLC bought a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the third quarter worth about $211,000. Finally, Balefire LLC purchased a new stake in shares of BNY Mellon Global Infrastructure Income ETF in the first quarter worth about $265,000.

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.