BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI – Get 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
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.
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