BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Stock Short Interest Report for September

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 9,058 shares, a decline of 50.2% from the September 15th total of 18,180 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 443,209 shares, the short-interest ratio is currently 0.0 days.

BNY Mellon Ultra Short Income ETF Price Performance

Shares of BKUI traded up $0.01 during midday trading on Friday, reaching $49.57. 45,268 shares of the stock were exchanged, compared to its average volume of 101,081. BNY Mellon Ultra Short Income ETF has a 52 week low of $49.47 and a 52 week high of $49.96. The company’s 50 day moving average is $49.60 and its two-hundred day moving average is $49.67.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.1359 per share. This represents a $1.63 annualized dividend and a yield of 3.3%. The ex-dividend date was Thursday, October 1st. This is a negative change from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1588.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BKUI. Krilogy Financial LLC purchased a new stake in shares of BNY Mellon Ultra Short Income ETF in the 1st quarter worth approximately $397,000. Overbrook Management Corp bought a new stake in shares of BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at about $499,000. Envestnet Asset Management Inc. boosted its holdings in shares of BNY Mellon Ultra Short Income ETF by 91.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,988 shares of the company’s stock valued at $696,000 after buying an additional 6,688 shares in the last quarter. Private Advisor Group LLC grew its position in shares of BNY Mellon Ultra Short Income ETF by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock worth $942,000 after buying an additional 1,915 shares during the last quarter. Finally, Western Wealth Management LLC raised its stake in shares of BNY Mellon Ultra Short Income ETF by 17.6% during the 1st quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock worth $1,145,000 after acquiring an additional 3,436 shares in the last quarter.

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.