Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Decreases By 59.8%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 10,562 shares, a decrease of 59.8% from the April 15th total of 26,251 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 44,694 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of BNY Mellon Ultra Short Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in BNY Mellon Ultra Short Income ETF in the second quarter valued at approximately $31,000. Raymond James Financial Inc. bought a new position in shares of BNY Mellon Ultra Short Income ETF during the second quarter worth approximately $138,000. Q3 Asset Management bought a new position in shares of BNY Mellon Ultra Short Income ETF during the fourth quarter worth approximately $205,000. WealthCare Investment Partners LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the fourth quarter worth approximately $373,000. Finally, Krilogy Financial LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the first quarter worth approximately $397,000.

BNY Mellon Ultra Short Income ETF Price Performance

NYSEARCA:BKUI traded down $0.01 on Friday, hitting $49.69. The company’s stock had a trading volume of 26,208 shares, compared to its average volume of 117,646. The stock has a fifty day moving average of $49.73 and a two-hundred day moving average of $49.80. BNY Mellon Ultra Short Income ETF has a one year low of $49.36 and a one year high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

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

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.