BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Significant Growth in Short Interest

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 14,246 shares, a growth of 71.5% from the August 15th total of 8,307 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 38,100 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. RPOA Advisors Inc. increased its position in shares of BNY Mellon Ultra Short Income ETF by 896.0% during the 1st quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after purchasing an additional 5,678,543 shares during the last quarter. Citadel Advisors LLC boosted its holdings in BNY Mellon Ultra Short Income ETF by 167.8% in the 2nd quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock valued at $1,407,000 after purchasing an additional 17,717 shares during the period. Western Wealth Management LLC boosted its stake in BNY Mellon Ultra Short Income ETF by 17.6% during the first quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock valued at $1,145,000 after buying an additional 3,436 shares during the period. Private Advisor Group LLC grew its holdings in shares of BNY Mellon Ultra Short Income ETF by 11.3% during the first quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock worth $942,000 after purchasing an additional 1,915 shares in the last quarter. Finally, Krilogy Financial LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF in the 1st quarter worth $397,000.

BNY Mellon Ultra Short Income ETF Stock Down 0.0%

Shares of NYSEARCA:BKUI traded down $0.01 during mid-day trading on Wednesday, hitting $49.55. 37,158 shares of the company traded hands, compared to its average volume of 84,419. The stock has a 50-day moving average price of $49.65 and a two-hundred day moving average price of $49.70. BNY Mellon Ultra Short Income ETF has a 12-month low of $49.53 and a 12-month high of $49.96.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1741 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.