diff --git a/docs/changelog.rst b/docs/changelog.rst
index df9c8c8b..addff1bb 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -3,6 +3,17 @@
 0.x Changelog
 =============
 
+.. changelog:: 0.30.1
+    :date: 2025-01-20
+
+    .. change:: Using init db CLI command creates migrations directory in unexpected place
+        :type: bugfix
+        :pr: 354
+        :issue: 351
+
+        When initializing migrations with the CLI, if no directory is specified, the directory from the configuration will be used.
+
+
 .. changelog:: 0.30.0
     :date: 2025-01-19
 
diff --git a/pyproject.toml b/pyproject.toml
index d0df3b71..d40b0a46 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -47,7 +47,7 @@ maintainers = [
 name = "advanced_alchemy"
 readme = "README.md"
 requires-python = ">=3.8"
-version = "0.30.0"
+version = "0.30.1"
 
 [project.urls]
 Changelog = "https://docs.advanced-alchemy.litestar.dev/latest/changelog"
@@ -168,7 +168,7 @@ test = [
 allow_dirty = true
 commit = true
 commit_args = "--no-verify"
-current_version = "0.30.0"
+current_version = "0.30.1"
 ignore_missing_files = false
 ignore_missing_version = false
 message = "chore(release): bump to v{new_version}"
diff --git a/uv.lock b/uv.lock
index 968fd250..212c68d2 100644
--- a/uv.lock
+++ b/uv.lock
@@ -11,7 +11,7 @@ resolution-markers = [
 
 [[package]]
 name = "advanced-alchemy"
-version = "0.30.0"
+version = "0.30.1"
 source = { editable = "." }
 dependencies = [
     { name = "alembic" },