BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Update

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 6,699 shares, a growth of 71.9% from the November 30th total of 3,898 shares. Based on an average daily volume of 14,303 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 14,303 shares, the days-to-cover ratio is presently 0.5 days.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

Shares of BNY Mellon Ultra Short Income ETF stock traded up $0.02 on Friday, hitting $49.92. 432 shares of the company traded hands, compared to its average volume of 23,073. BNY Mellon Ultra Short Income ETF has a 52 week low of $49.36 and a 52 week high of $50.93. The business has a 50-day simple moving average of $49.86 and a 200 day simple moving average of $49.83.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were issued a $0.1638 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, December 1st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of BNY Mellon Ultra Short Income ETF in the second quarter worth about $31,000. Raymond James Financial Inc. bought a new stake in BNY Mellon Ultra Short Income ETF in the 2nd quarter worth approximately $138,000. HBW Advisory Services LLC purchased a new stake in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter worth approximately $212,000. GPS Wealth Strategies Group LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter valued at approximately $403,000. Finally, Private Advisor Group LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter valued at approximately $832,000.

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.