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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,704 shares, a growth of 42,500.0% from the March 15th total of 4 shares. Based on an average daily volume of 285,109 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

BNY Mellon Ultra Short Income ETF Stock Performance

NYSEARCA:BKUI remained flat at $49.72 during trading hours on Friday. 15,500 shares of the company’s stock traded hands, compared to its average volume of 137,307. BNY Mellon Ultra Short Income ETF has a 1 year low of $49.36 and a 1 year high of $50.93. The firm has a 50 day moving average price of $49.78 and a 200 day moving average price of $49.82.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1599 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Several large investors have recently bought and sold shares of the company. Total Investment Management Inc. increased its stake 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 valued at $94,832,000 after purchasing an additional 31,676 shares in the last quarter. Kensington Asset Management LLC increased its position in shares of 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 acquiring an additional 3,010 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of BNY Mellon Ultra Short Income ETF during the third quarter worth $1,953,000. PCG Wealth Advisors LLC increased its position in shares of BNY Mellon Ultra Short Income ETF by 1.2% during the fourth quarter. PCG Wealth Advisors LLC now owns 34,762 shares of the company’s stock worth $1,729,000 after acquiring an additional 423 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of BNY Mellon Ultra Short Income ETF by 1,137.0% during the third quarter. Raymond James Financial Inc. now owns 34,340 shares of the company’s stock worth $1,715,000 after acquiring an additional 31,564 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.