BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 8,307 shares, an increase of 556.2% from the July 30th total of 1,266 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,826 shares, the short-interest ratio is currently 0.3 days.
BNY Mellon Ultra Short Income ETF Stock Performance
BKUI stock opened at $49.72 on Friday. The firm’s 50-day moving average is $49.67 and its two-hundred day moving average is $49.72. BNY Mellon Ultra Short Income ETF has a 52 week low of $49.54 and a 52 week high of $49.96.
Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in BNY Mellon Ultra Short Income ETF in the second quarter worth approximately $31,000. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the 2nd quarter valued at $138,000. Krilogy Financial LLC bought a new stake in shares of BNY Mellon Ultra Short Income ETF in the 1st quarter worth $397,000. Goldman Sachs Group Inc. bought a new stake in shares of BNY Mellon Ultra Short Income ETF in the 4th quarter worth $558,000. Finally, Private Advisor Group LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the third quarter valued at $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.
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