BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Down 92.2% in December

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 525 shares, a decline of 92.2% from the December 15th total of 6,699 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 10,567 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 10,567 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BKUI. JPMorgan Chase & Co. acquired a new stake in BNY Mellon Ultra Short Income ETF during the 2nd quarter worth approximately $31,000. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon Ultra Short Income ETF during the second quarter worth $138,000. HBW Advisory Services LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the third quarter valued at $212,000. WealthCare Investment Partners LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the fourth quarter valued at $373,000. Finally, GPS Wealth Strategies Group LLC purchased a new position in BNY Mellon Ultra Short Income ETF in the third quarter valued at $403,000.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

Shares of BKUI opened at $49.80 on Tuesday. BNY Mellon Ultra Short Income ETF has a 12 month low of $49.36 and a 12 month high of $50.93. The stock has a fifty day moving average price of $49.82 and a 200-day moving average price of $49.83.

BNY Mellon Ultra Short Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were paid a dividend of $0.2071 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.16.

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.