Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Expands By 368.1%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,994 shares, an increase of 368.1% from the January 15th total of 426 shares. Based on an average daily volume of 19,880 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 19,880 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of BNY Mellon Ultra Short Income ETF

Several hedge funds have recently bought and sold shares of BKUI. Total Investment Management Inc. increased its stake in BNY Mellon Ultra Short Income ETF by 1.7% during the 2nd quarter. Total Investment Management Inc. now owns 1,901,202 shares of the company’s stock valued at $94,832,000 after purchasing an additional 31,676 shares in the last quarter. RPOA Advisors Inc. grew its holdings in shares of BNY Mellon Ultra Short Income ETF by 4.1% during the second quarter. RPOA Advisors Inc. now owns 739,315 shares of the company’s stock valued at $36,877,000 after buying an additional 29,394 shares during the last quarter. Avestar Capital LLC increased its position in shares of BNY Mellon Ultra Short Income ETF by 8.7% during the second quarter. Avestar Capital LLC now owns 407,209 shares of the company’s stock worth $20,312,000 after acquiring an additional 32,750 shares in the last quarter. Kensington Asset Management LLC increased its position in shares of BNY Mellon Ultra Short Income ETF by 2.2% during the third quarter. Kensington Asset Management LLC now owns 138,713 shares of the company’s stock worth $6,927,000 after acquiring an additional 3,010 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the 3rd quarter worth about $1,953,000.

BNY Mellon Ultra Short Income ETF Stock Performance

Shares of BKUI opened at $49.83 on Wednesday. The stock has a 50-day moving average of $49.82 and a 200-day moving average of $49.84. BNY Mellon Ultra Short Income ETF has a one year low of $49.36 and a one year high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1648 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.