Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Declines By 18.9%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 426 shares, a drop of 18.9% from the December 31st total of 525 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 23,780 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 23,780 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new stake in shares of BNY Mellon Ultra Short Income ETF in the third quarter valued at about $1,953,000. PCG Wealth Advisors LLC bought a new position in BNY Mellon Ultra Short Income ETF during the third quarter valued at about $1,715,000. Elevated Financial Group LLC acquired a new position in BNY Mellon Ultra Short Income ETF in the 4th quarter valued at approximately $1,692,000. Avestar Capital LLC lifted its position in shares of BNY Mellon Ultra Short Income ETF by 8.7% in the 2nd quarter. Avestar Capital LLC now owns 407,209 shares of the company’s stock worth $20,312,000 after acquiring an additional 32,750 shares during the period. Finally, Total Investment Management Inc. lifted its position in shares of BNY Mellon Ultra Short Income ETF by 1.7% in the 2nd quarter. Total Investment Management Inc. now owns 1,901,202 shares of the company’s stock worth $94,832,000 after acquiring an additional 31,676 shares during the period.

BNY Mellon Ultra Short Income ETF Stock Down 0.0%

Shares of BKUI stock traded down $0.01 during trading hours on Tuesday, reaching $49.76. 4,382 shares of the company’s stock were exchanged, compared to its average volume of 20,504. BNY Mellon Ultra Short Income ETF has a fifty-two week low of $49.36 and a fifty-two week high of $50.93. The business has a fifty day moving average price of $49.83 and a 200-day moving average price of $49.84.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be issued a $0.1648 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.