Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Rises By 71.5%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 14,246 shares, an increase of 71.5% from the August 15th total of 8,307 shares. Based on an average daily trading volume, of 38,100 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

BNY Mellon Ultra Short Income ETF Stock Up 0.1%

Shares of NYSEARCA BKUI traded up $0.03 during midday trading on Thursday, reaching $49.58. 19,084 shares of the stock were exchanged, compared to its average volume of 84,052. BNY Mellon Ultra Short Income ETF has a twelve month low of $49.53 and a twelve month high of $49.96. The company has a 50 day simple moving average of $49.64 and a 200 day simple moving average of $49.69.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.1741 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BKUI. RPOA Advisors Inc. raised its holdings in shares of BNY Mellon Ultra Short Income ETF by 896.0% in the 1st quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after buying an additional 5,678,543 shares during the period. Citadel Advisors LLC boosted its holdings in BNY Mellon Ultra Short Income ETF by 167.8% during the 2nd quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock valued at $1,407,000 after acquiring an additional 17,717 shares during the period. Krilogy Financial LLC acquired a new position in BNY Mellon Ultra Short Income ETF in the 1st quarter valued at about $397,000. Western Wealth Management LLC grew its position in BNY Mellon Ultra Short Income ETF by 17.6% in the 1st quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock valued at $1,145,000 after acquiring an additional 3,436 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in BNY Mellon Ultra Short Income ETF by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock valued at $942,000 after acquiring an additional 1,915 shares in the last quarter.

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.