BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI – Get Free Report) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 9,343 shares, a growth of 368.6% from the January 29th total of 1,994 shares. Based on an average daily volume of 13,727 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 13,727 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of BNY Mellon Ultra Short Income ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of BKUI. JPMorgan Chase & Co. purchased a new stake in shares of BNY Mellon Ultra Short Income ETF during the second quarter valued at $31,000. Raymond James Financial Inc. bought a new stake in BNY Mellon Ultra Short Income ETF during the 2nd quarter valued at about $138,000. Q3 Asset Management purchased a new stake in BNY Mellon Ultra Short Income ETF in the 4th quarter valued at about $205,000. HBW Advisory Services LLC purchased 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 position in BNY Mellon Ultra Short Income ETF in the 4th quarter worth about $373,000.
BNY Mellon Ultra Short Income ETF Price Performance
Shares of NYSEARCA BKUI opened at $49.92 on Friday. BNY Mellon Ultra Short Income ETF has a 1 year low of $49.36 and a 1 year high of $50.93. The firm has a 50-day simple moving average of $49.83 and a two-hundred day simple moving average of $49.85.
BNY Mellon Ultra Short Income ETF Cuts Dividend
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.
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