Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Increases By 42,500.0%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 1,704 shares, a growth of 42,500.0% from the March 15th total of 4 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 285,109 shares, the days-to-cover ratio is presently 0.0 days.

BNY Mellon Ultra Short Income ETF Stock Performance

Shares of NYSEARCA BKUI opened at $49.72 on Friday. The firm’s 50-day moving average price is $49.77 and its 200-day moving average price is $49.82. BNY Mellon Ultra Short Income ETF has a 12-month low of $49.36 and a 12-month high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1599 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of BNY Mellon Ultra Short Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in BNY Mellon Ultra Short Income ETF in the 2nd quarter worth about $31,000. Raymond James Financial Inc. bought a new position in BNY Mellon Ultra Short Income ETF in the 2nd quarter worth about $138,000. Q3 Asset Management bought a new position in BNY Mellon Ultra Short Income ETF in the 4th quarter worth about $205,000. HBW Advisory Services LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the third quarter valued at approximately $212,000. Finally, WealthCare Investment Partners LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the fourth quarter valued at approximately $373,000.

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.