Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Decreases By 77.4%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 11,584 shares, a decline of 77.4% from the June 30th total of 51,348 shares. Based on an average daily volume of 93,851 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

BNY Mellon Ultra Short Income ETF Stock Performance

BKUI traded up $0.03 on Monday, reaching $49.69. The company had a trading volume of 36,584 shares, compared to its average volume of 96,875. The company has a fifty day moving average of $49.69 and a 200-day moving average of $49.75. BNY Mellon Ultra Short Income ETF has a one year low of $49.54 and a one year high of $49.96.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC raised its holdings 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 worth $1,145,000 after purchasing an additional 3,436 shares in the last quarter. Private Advisor Group LLC boosted its stake in BNY Mellon Ultra Short Income ETF by 11.3% during the 1st quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock valued at $942,000 after purchasing an additional 1,915 shares in the last quarter. 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 period. Krilogy Financial LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the 1st quarter valued at $397,000. Finally, LPL Financial LLC increased its position in shares of BNY Mellon Ultra Short Income ETF by 28.8% during the 4th quarter. LPL Financial LLC now owns 30,879 shares of the company’s stock valued at $1,536,000 after purchasing an additional 6,913 shares during the period.

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.