BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Up 368.1% in January

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,994 shares, an increase of 368.1% from the January 15th total of 426 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 19,880 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 19,880 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

BNY Mellon Ultra Short Income ETF Stock Up 0.0%

NYSEARCA BKUI traded up $0.02 during trading hours on Friday, hitting $49.85. The company had a trading volume of 15,904 shares, compared to its average volume of 18,912. The firm’s 50 day moving average is $49.82 and its 200 day moving average is $49.84. 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 Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.1648 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 2nd quarter valued at approximately $31,000. Raymond James Financial Inc. bought a new position in BNY Mellon Ultra Short Income ETF in the second quarter worth about $138,000. Q3 Asset Management acquired a new position in BNY Mellon Ultra Short Income ETF in the fourth quarter valued at approximately $205,000. HBW Advisory Services LLC acquired a new position in BNY Mellon Ultra Short Income ETF in the third quarter valued at approximately $212,000. Finally, WealthCare Investment Partners LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the fourth quarter valued at approximately $373,000.

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.