BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Up 267.7% in May

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 38,835 shares, an increase of 267.7% from the April 30th total of 10,562 shares. Based on an average daily volume of 46,779 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s stock are short sold.

BNY Mellon Ultra Short Income ETF Stock Performance

Shares of BKUI traded up $0.01 during trading on Friday, reaching $49.81. The company’s stock had a trading volume of 87,679 shares, compared to its average volume of 111,903. The company has a fifty day moving average of $49.74 and a two-hundred day moving average of $49.79. BNY Mellon Ultra Short Income ETF has a twelve month low of $49.36 and a twelve month high of $50.93.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

A number of institutional investors have recently made changes to their positions in BKUI. RPOA Advisors Inc. raised its position in shares of BNY Mellon Ultra Short Income ETF by 896.0% in the 1st 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 acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter valued at approximately $1,715,000. Elevated Financial Group LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 4th quarter valued at approximately $1,692,000. Raymond James Financial Inc. raised its position in shares of BNY Mellon Ultra Short Income ETF by 1,137.0% during the 3rd quarter. Raymond James Financial Inc. now owns 34,340 shares of the company’s stock valued at $1,715,000 after acquiring an additional 31,564 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 4th quarter valued at approximately $973,000.

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.