BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Up 1,440.6% in April

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 26,251 shares, a growth of 1,440.6% from the March 31st total of 1,704 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 125,030 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On 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. bought a new stake in BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at about $31,000. Raymond James Financial Inc. bought a new stake in BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at about $138,000. Q3 Asset Management bought a new stake in BNY Mellon Ultra Short Income ETF in the 4th quarter valued at about $205,000. HBW Advisory Services LLC bought a new stake in BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at about $212,000. Finally, WealthCare Investment Partners LLC bought a new stake in BNY Mellon Ultra Short Income ETF in the 4th quarter valued at about $373,000.

BNY Mellon Ultra Short Income ETF Price Performance

Shares of NYSEARCA:BKUI opened at $49.81 on Friday. The company’s 50-day moving average is $49.77 and its 200 day moving average is $49.81. BNY Mellon Ultra Short Income ETF has a fifty-two week low of $49.36 and a fifty-two week 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 paid a $0.1599 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, March 2nd.

About BNY Mellon Ultra Short Income ETF

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.