BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Down 59.8% in April

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 10,562 shares, a decline of 59.8% from the April 15th total of 26,251 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 44,694 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Large investors have recently made changes to their positions in the business. RPOA Advisors Inc. grew its stake in shares of BNY Mellon Ultra Short Income ETF by 896.0% in the 1st quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after buying an additional 5,678,543 shares in the last quarter. Krilogy Financial LLC bought a new stake in BNY Mellon Ultra Short Income ETF during the first quarter worth approximately $397,000. PCG Wealth Advisors LLC boosted its position in BNY Mellon Ultra Short Income ETF by 1.2% during the fourth quarter. PCG Wealth Advisors LLC now owns 34,762 shares of the company’s stock worth $1,729,000 after purchasing an additional 423 shares during the period. Western Wealth Management LLC bought a new stake in BNY Mellon Ultra Short Income ETF during the fourth quarter worth approximately $973,000. Finally, JPMorgan Chase & Co. boosted its position in BNY Mellon Ultra Short Income ETF by 109.7% during the third quarter. JPMorgan Chase & Co. now owns 1,298 shares of the company’s stock worth $65,000 after purchasing an additional 679 shares during the period.

BNY Mellon Ultra Short Income ETF Price Performance

NYSEARCA BKUI traded up $0.01 on Thursday, hitting $49.71. 11,705 shares of the company were exchanged, compared to its average volume of 118,371. BNY Mellon Ultra Short Income ETF has a twelve month low of $49.36 and a twelve month high of $50.93. The company’s 50 day moving average price is $49.74 and its 200-day moving average price is $49.80.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1599 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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.