BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Down 77.4% in July

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 11,584 shares, a decline of 77.4% from the June 30th total of 51,348 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 93,851 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BNY Mellon Ultra Short Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of BKUI. PCG Wealth Advisors LLC grew its holdings in BNY Mellon Ultra Short Income ETF by 1.2% during the fourth quarter. PCG Wealth Advisors LLC now owns 34,762 shares of the company’s stock valued at $1,729,000 after purchasing an additional 423 shares during the period. JPMorgan Chase & Co. bought a new stake in BNY Mellon Ultra Short Income ETF during the 2nd quarter worth approximately $31,000. Private Advisor Group LLC increased its holdings 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 worth $942,000 after purchasing an additional 1,915 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon Ultra Short Income ETF in the second quarter worth $138,000. Finally, 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 worth $1,145,000 after buying an additional 3,436 shares in the last quarter.

BNY Mellon Ultra Short Income ETF Price Performance

Shares of BNY Mellon Ultra Short Income ETF stock opened at $49.66 on Friday. The business has a 50 day moving average price of $49.69 and a 200-day moving average price of $49.75. BNY Mellon Ultra Short Income ETF has a 52 week low of $49.54 and a 52 week high of $49.96.

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.