Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Increases By 368.1%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,994 shares, an increase of 368.1% from the January 15th total of 426 shares. Based on an average daily volume of 19,880 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 19,880 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of BNY Mellon Ultra Short Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at $31,000. Raymond James Financial Inc. acquired a new stake in BNY Mellon Ultra Short Income ETF during the 2nd quarter worth approximately $138,000. Q3 Asset Management bought a new stake in BNY Mellon Ultra Short Income ETF during the 4th quarter worth approximately $205,000. HBW Advisory Services LLC acquired a new position in BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at approximately $212,000. Finally, WealthCare Investment Partners LLC acquired a new position in BNY Mellon Ultra Short Income ETF in the 4th quarter valued at approximately $373,000.

BNY Mellon Ultra Short Income ETF Stock Performance

BNY Mellon Ultra Short Income ETF stock opened at $49.83 on Wednesday. BNY Mellon Ultra Short Income ETF has a 12-month low of $49.36 and a 12-month high of $50.93. The business’s 50-day moving average price is $49.82 and its two-hundred day moving average price is $49.84.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1648 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, February 2nd.

BNY Mellon Ultra Short Income ETF Company Profile

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.