BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Significant Increase in Short Interest

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 8,307 shares, a growth of 556.2% from the July 30th total of 1,266 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 24,826 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Several hedge funds have recently bought and sold shares of the business. RPOA Advisors Inc. increased its stake 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 valued at $314,260,000 after purchasing an additional 5,678,543 shares in the last quarter. PCG Wealth Advisors LLC grew its stake in shares of BNY Mellon Ultra Short Income ETF by 1.2% in the 4th quarter. PCG Wealth Advisors LLC now owns 34,762 shares of the company’s stock worth $1,729,000 after buying an additional 423 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of 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 buying an additional 31,564 shares during the last quarter. Jane Street Group LLC increased its position in BNY Mellon Ultra Short Income ETF by 93.4% during the 2nd quarter. Jane Street Group LLC now owns 30,944 shares of the company’s stock valued at $1,543,000 after buying an additional 14,948 shares in the last quarter. Finally, LPL Financial LLC raised its stake in BNY Mellon Ultra Short Income ETF by 28.8% during the fourth quarter. LPL Financial LLC now owns 30,879 shares of the company’s stock valued at $1,536,000 after buying an additional 6,913 shares during the last quarter.

BNY Mellon Ultra Short Income ETF Stock Performance

Shares of BKUI stock traded up $0.01 during mid-day trading on Thursday, reaching $49.73. 9,962 shares of the company’s stock traded hands, compared to its average volume of 88,702. The company’s 50-day moving average price is $49.67 and its 200-day moving average price is $49.72. BNY Mellon Ultra Short Income ETF has a 12 month low of $49.54 and a 12 month high of $49.96.

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.