BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Large Growth in Short Interest

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

BNY Mellon Ultra Short Income ETF Price Performance

Shares of NYSEARCA BKUI traded up $0.02 on Thursday, reaching $49.83. 18,070 shares of the company’s stock traded hands, compared to its average volume of 19,054. The business’s 50 day simple moving average is $49.82 and its two-hundred day simple moving average is $49.84. BNY Mellon Ultra Short Income ETF has a 12 month low of $49.36 and a 12 month high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

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

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

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

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.