BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Large Drop in Short Interest

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 525 shares, a drop of 92.2% from the December 15th total of 6,699 shares. Based on an average daily volume of 10,567 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 10,567 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the third quarter valued at about $1,953,000. PCG Wealth Advisors LLC bought a new stake in BNY Mellon Ultra Short Income ETF during the third quarter valued at approximately $1,715,000. Avestar Capital LLC raised its stake in BNY Mellon Ultra Short Income ETF by 8.7% during the 2nd quarter. Avestar Capital LLC now owns 407,209 shares of the company’s stock worth $20,312,000 after acquiring an additional 32,750 shares during the period. Total Investment Management Inc. raised its position in shares of BNY Mellon Ultra Short Income ETF by 1.7% during the second quarter. Total Investment Management Inc. now owns 1,901,202 shares of the company’s stock valued at $94,832,000 after buying an additional 31,676 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in BNY Mellon Ultra Short Income ETF by 1,137.0% during the 3rd quarter. Raymond James Financial Inc. now owns 34,340 shares of the company’s stock valued at $1,715,000 after buying an additional 31,564 shares in the last quarter.

BNY Mellon Ultra Short Income ETF Stock Up 0.0%

BKUI stock traded up $0.01 during midday trading on Monday, reaching $49.79. The company had a trading volume of 20,196 shares, compared to its average volume of 11,785. The stock has a 50 day moving average price of $49.82 and a 200-day moving average price of $49.83. BNY Mellon Ultra Short Income ETF has a 1-year low of $49.36 and a 1-year high of $50.93.

BNY Mellon Ultra Short Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were paid a $0.2071 dividend. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 5.0%. This is an increase from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.16.

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.