Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Declines By 89.1%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,266 shares, a drop of 89.1% from the July 15th total of 11,584 shares. Based on an average daily volume of 58,179 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of BNY Mellon Ultra Short Income ETF

Institutional investors have recently made changes to their positions in the business. RPOA Advisors Inc. boosted its position in shares of BNY Mellon Ultra Short Income ETF by 896.0% during the first quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock worth $314,260,000 after acquiring an additional 5,678,543 shares during the last quarter. PCG Wealth Advisors LLC purchased a new stake in shares of BNY Mellon Ultra Short Income ETF in the third quarter valued at $1,715,000. Elevated Financial Group LLC purchased a new stake in BNY Mellon Ultra Short Income ETF in the 4th quarter worth about $1,692,000. Raymond James Financial Inc. raised its position in BNY Mellon Ultra Short Income ETF by 1,137.0% in the 3rd quarter. Raymond James Financial Inc. now owns 34,340 shares of the company’s stock worth $1,715,000 after purchasing an additional 31,564 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of BNY Mellon Ultra Short Income ETF during the 4th quarter worth approximately $973,000.

BNY Mellon Ultra Short Income ETF Stock Performance

BKUI stock traded up $0.02 during trading on Wednesday, hitting $49.65. 2,402 shares of the stock traded hands, compared to its average volume of 92,490. BNY Mellon Ultra Short Income ETF has a 1 year low of $49.54 and a 1 year high of $49.96. The firm’s 50 day moving average is $49.67 and its two-hundred day moving average is $49.73.

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.