BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Down 18.9% in January

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 426 shares, a drop of 18.9% from the December 31st total of 525 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 23,780 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 23,780 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

BKUI stock traded up $0.01 during trading on Wednesday, reaching $49.77. The company’s stock had a trading volume of 3,310 shares, compared to its average volume of 20,110. The company’s fifty day moving average is $49.83 and its 200-day moving average is $49.84. BNY Mellon Ultra Short Income ETF has a 1 year low of $49.36 and a 1 year high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be paid a $0.1648 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, February 2nd.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avestar Capital LLC boosted its holdings in shares of BNY Mellon Ultra Short Income ETF by 8.7% during the 2nd quarter. Avestar Capital LLC now owns 407,209 shares of the company’s stock valued at $20,312,000 after purchasing an additional 32,750 shares during the last quarter. Total Investment Management Inc. increased its holdings in shares of BNY Mellon Ultra Short Income ETF by 1.7% in the second quarter. Total Investment Management Inc. now owns 1,901,202 shares of the company’s stock worth $94,832,000 after purchasing an additional 31,676 shares during the last quarter. Kensington Asset Management LLC lifted its position in shares of BNY Mellon Ultra Short Income ETF by 9.1% in the second quarter. Kensington Asset Management LLC now owns 135,703 shares of the company’s stock worth $6,769,000 after buying an additional 11,302 shares in the last quarter. RPOA Advisors Inc. boosted its stake in BNY Mellon Ultra Short Income ETF by 4.1% during the second quarter. RPOA Advisors Inc. now owns 739,315 shares of the company’s stock valued at $36,877,000 after buying an additional 29,394 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in BNY Mellon Ultra Short Income ETF during the third quarter valued at approximately $1,953,000.

About BNY Mellon Ultra Short Income ETF

The BNY Mellon Ultra Short Income ETF (BKUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of investment-grade, USD-denominated fixed income securities with an ultra-short effective duration. The fund aims for high income and low volatility. BKUI was launched on Aug 9, 2021 and is managed by BNY Mellon.