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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 38,835 shares, a growth of 267.7% from the April 30th total of 10,562 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 46,779 shares, the short-interest ratio is currently 0.8 days.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

Shares of BNY Mellon Ultra Short Income ETF stock traded up $0.02 on Friday, hitting $49.82. 14,271 shares of the company traded hands, compared to its average volume of 111,181. BNY Mellon Ultra Short Income ETF has a 12-month low of $49.36 and a 12-month high of $50.93. The company has a 50-day moving average price of $49.74 and a 200 day moving average price of $49.79.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Several hedge funds have recently bought and sold shares of the business. RPOA Advisors Inc. raised its holdings in BNY Mellon Ultra Short Income ETF by 896.0% during the first quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after buying an additional 5,678,543 shares in the last quarter. PCG Wealth Advisors LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter valued at about $1,715,000. Elevated Financial Group LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the 4th quarter valued at about $1,692,000. Raymond James Financial Inc. raised its stake in shares of BNY Mellon Ultra Short Income ETF by 1,137.0% in the 3rd quarter. Raymond James Financial Inc. now owns 34,340 shares of the company’s stock valued at $1,715,000 after acquiring an additional 31,564 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF in the 4th quarter valued at approximately $973,000.

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.