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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4 shares, a decrease of 100.0% from the February 26th total of 9,862 shares. Based on an average daily volume of 457,987 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 457,987 shares, the short-interest ratio is currently 0.0 days.

BNY Mellon Ultra Short Income ETF Stock Performance

Shares of NYSEARCA:BKUI traded down $0.04 on Tuesday, hitting $49.72. 8,193 shares of the company were exchanged, compared to its average volume of 148,209. The company’s 50 day moving average price is $49.81 and its two-hundred day moving average price is $49.83. BNY Mellon Ultra Short Income ETF has a one year low of $49.36 and a one year 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, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.1599 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 2nd quarter worth approximately $31,000. Avestar Capital LLC raised its stake in shares of BNY Mellon Ultra Short Income ETF by 8.7% in the second quarter. Avestar Capital LLC now owns 407,209 shares of the company’s stock valued at $20,312,000 after purchasing an additional 32,750 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon Ultra Short Income ETF in the second quarter valued at $138,000. Jane Street Group LLC lifted its position in BNY Mellon Ultra Short Income ETF by 93.4% in the second quarter. Jane Street Group LLC now owns 30,944 shares of the company’s stock worth $1,543,000 after purchasing an additional 14,948 shares during the period. Finally, Total Investment Management Inc. lifted its position in BNY Mellon Ultra Short Income ETF by 1.7% in the second quarter. Total Investment Management Inc. now owns 1,901,202 shares of the company’s stock worth $94,832,000 after purchasing an additional 31,676 shares during the period.

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.