BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Up 556.2% in August

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 8,307 shares, a growth of 556.2% from the July 30th total of 1,266 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,826 shares, the days-to-cover ratio is presently 0.3 days.

BNY Mellon Ultra Short Income ETF Stock Up 0.0%

NYSEARCA BKUI opened at $49.72 on Wednesday. BNY Mellon Ultra Short Income ETF has a 1-year low of $49.54 and a 1-year high of $49.96. The company has a 50 day moving average of $49.67 and a 200-day moving average of $49.72.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Institutional investors have recently bought and sold shares of the business. RPOA Advisors Inc. grew its holdings in shares of BNY Mellon Ultra Short Income ETF by 896.0% during the first quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock worth $314,260,000 after purchasing an additional 5,678,543 shares during the last quarter. PCG Wealth Advisors LLC acquired a new position in BNY Mellon Ultra Short Income ETF during the 3rd quarter worth about $1,715,000. Raymond James Financial Inc. lifted its position in BNY Mellon Ultra Short Income ETF by 1,137.0% during the 3rd quarter. Raymond James Financial Inc. now owns 34,340 shares of the company’s stock worth $1,715,000 after buying an additional 31,564 shares in the last quarter. Western Wealth Management LLC bought a new stake in BNY Mellon Ultra Short Income ETF during the 4th quarter worth about $973,000. Finally, Private Advisor Group LLC bought a new stake in BNY Mellon Ultra Short Income ETF during the 3rd quarter worth about $832,000.

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.