Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Declines By 100.0%

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

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the second quarter worth $31,000. Raymond James Financial Inc. purchased a new position in BNY Mellon Ultra Short Income ETF in the 2nd quarter worth about $138,000. Q3 Asset Management acquired a new stake in BNY Mellon Ultra Short Income ETF during the 4th quarter worth about $205,000. HBW Advisory Services LLC purchased a new stake in BNY Mellon Ultra Short Income ETF during the third quarter valued at about $212,000. Finally, WealthCare Investment Partners LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF in the fourth quarter worth about $373,000.

BNY Mellon Ultra Short Income ETF Price Performance

NYSEARCA BKUI traded up $0.01 on Wednesday, reaching $49.73. The company’s stock had a trading volume of 31,652 shares, compared to its average volume of 146,143. 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 is $49.81 and its two-hundred day moving average is $49.83.

BNY Mellon Ultra Short Income ETF Cuts Dividend

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

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.