Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Increases By 1,440.6%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 26,251 shares, an increase of 1,440.6% from the March 31st total of 1,704 shares. Based on an average daily volume of 125,030 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

BNY Mellon Ultra Short Income ETF Stock Up 0.0%

BKUI stock traded up $0.02 during trading on Friday, reaching $49.81. 10,397 shares of the stock were exchanged, compared to its average volume of 132,658. The stock has a 50 day simple moving average of $49.77 and a 200-day simple moving average of $49.81. BNY Mellon Ultra Short Income ETF has a twelve month low of $49.36 and a twelve month high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1599 dividend. 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 institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at $31,000. Raymond James Financial Inc. bought a new position in BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at $138,000. Q3 Asset Management acquired a new stake in BNY Mellon Ultra Short Income ETF in the fourth quarter worth about $205,000. HBW Advisory Services LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter worth approximately $212,000. Finally, WealthCare Investment Partners LLC acquired a new stake in BNY Mellon Ultra Short Income ETF during the 4th quarter worth $373,000.

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.