BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Large Increase in Short Interest

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 38,835 shares, an increase of 267.7% from the April 30th total of 10,562 shares. Based on an average daily volume of 46,779 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in BNY Mellon Ultra Short Income ETF during the 2nd quarter worth about $31,000. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon Ultra Short Income ETF in the second quarter worth approximately $138,000. Q3 Asset Management purchased a new stake in shares of BNY Mellon Ultra Short Income ETF in the fourth quarter worth approximately $205,000. WealthCare Investment Partners LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the fourth quarter worth approximately $373,000. Finally, Krilogy Financial LLC acquired a new stake 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 up $0.02 during trading hours on Friday, hitting $49.82. 14,271 shares of the stock traded hands, compared to its average volume of 111,181. The firm has a 50 day moving average price of $49.74 and a 200 day moving average price of $49.79. 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 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.