BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Significant Decrease in Short Interest

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 4 shares, a decrease of 100.0% from the February 26th total of 9,862 shares. Based on an average trading volume of 457,987 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 457,987 shares, the days-to-cover ratio is presently 0.0 days.

BNY Mellon Ultra Short Income ETF Stock Down 0.1%

Shares of NYSEARCA:BKUI traded down $0.04 on Tuesday, hitting $49.72. The stock had a trading volume of 8,193 shares, compared to its average volume of 148,209. BNY Mellon Ultra Short Income ETF has a twelve month low of $49.36 and a twelve month high of $50.93. The firm’s 50 day moving average price is $49.81 and its 200-day moving average price is $49.83.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1599 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of BNY Mellon Ultra Short Income ETF

Several large investors have recently added to or reduced their stakes in BKUI. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the second quarter worth approximately $31,000. Raymond James Financial Inc. bought a new stake in BNY Mellon Ultra Short Income ETF during the 2nd quarter worth approximately $138,000. Q3 Asset Management acquired a new stake in BNY Mellon Ultra Short Income ETF during the 4th quarter valued at $205,000. HBW Advisory Services LLC bought a new position in BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at $212,000. Finally, WealthCare Investment Partners LLC bought a new position in BNY Mellon Ultra Short Income ETF in the 4th quarter valued at $373,000.

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.