Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Rises By 71.9%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 6,699 shares, a growth of 71.9% from the November 30th total of 3,898 shares. Based on an average trading volume of 14,303 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 14,303 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 2nd quarter valued at about $31,000. Raymond James Financial Inc. purchased a new position in BNY Mellon Ultra Short Income ETF during the second quarter worth approximately $138,000. Kensington Asset Management LLC boosted its position in BNY Mellon Ultra Short Income ETF by 2.2% during the third quarter. Kensington Asset Management LLC now owns 138,713 shares of the company’s stock worth $6,927,000 after purchasing an additional 3,010 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in BNY Mellon Ultra Short Income ETF in the third quarter valued at approximately $212,000. Finally, ZEGA Investments LLC increased its position in shares of BNY Mellon Ultra Short Income ETF by 24.2% in the second quarter. ZEGA Investments LLC now owns 24,220 shares of the company’s stock valued at $1,208,000 after buying an additional 4,716 shares in the last quarter.

BNY Mellon Ultra Short Income ETF Price Performance

Shares of NYSEARCA BKUI traded down $0.18 during midday trading on Monday, reaching $49.74. 14,863 shares of the stock were exchanged, compared to its average volume of 23,040. The firm has a 50-day simple moving average of $49.86 and a two-hundred day simple moving average of $49.83. BNY Mellon Ultra Short Income ETF has a twelve month low of $49.36 and a twelve month high of $50.93.

BNY Mellon Ultra Short Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 29th will be given a dividend of $0.2071 per share. This is a boost from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Monday, December 29th.

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.