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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUIGet Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 14,246 shares, an increase of 71.5% from the August 15th total of 8,307 shares. Based on an average daily trading volume, of 38,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

BNY Mellon Ultra Short Income ETF Stock Down 0.1%

BKUI stock traded down $0.03 during trading hours on Friday, hitting $49.55. 1,068 shares of the stock were exchanged, compared to its average volume of 83,586. BNY Mellon Ultra Short Income ETF has a 12 month low of $49.53 and a 12 month high of $49.96. The company has a 50-day simple moving average of $49.64 and a two-hundred day simple moving average of $49.69.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.1741 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.2%.

Institutional Trading of BNY Mellon Ultra Short Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. RPOA Advisors Inc. grew its position in shares of BNY Mellon Ultra Short Income ETF by 896.0% during the 1st quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock worth $314,260,000 after purchasing an additional 5,678,543 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of BNY Mellon Ultra Short Income ETF by 167.8% during the second quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock worth $1,407,000 after purchasing an additional 17,717 shares during the period. Western Wealth Management LLC raised its position in shares of BNY Mellon Ultra Short Income ETF by 17.6% in the first quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock valued at $1,145,000 after buying an additional 3,436 shares in the last quarter. Private Advisor Group LLC raised its position in shares of BNY Mellon Ultra Short Income ETF by 11.3% in the first quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock valued at $942,000 after buying an additional 1,915 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the first quarter valued at approximately $397,000.

BNY Mellon Ultra Short Income ETF Company Profile

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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.

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