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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 9,058 shares, a drop of 50.2% from the September 15th total of 18,180 shares. Based on an average daily volume of 443,209 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of BNY Mellon Ultra Short Income ETF

Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC raised its holdings in BNY Mellon Ultra Short Income ETF by 167.8% in the second quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock valued at $1,407,000 after acquiring an additional 17,717 shares in the last quarter. RPOA Advisors Inc. grew its holdings in 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 worth $314,260,000 after acquiring an additional 5,678,543 shares in the last quarter. Overbrook Management Corp acquired a new position in BNY Mellon Ultra Short Income ETF during the 3rd quarter worth $499,000. Venture Visionary Partners LLC grew its holdings in BNY Mellon Ultra Short Income ETF by 7.7% during the 3rd quarter. Venture Visionary Partners LLC now owns 76,885 shares of the company’s stock worth $3,815,000 after acquiring an additional 5,524 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in BNY Mellon Ultra Short Income ETF by 91.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,988 shares of the company’s stock worth $696,000 after acquiring an additional 6,688 shares in the last quarter.

BNY Mellon Ultra Short Income ETF Price Performance

BKUI stock remained flat at $49.56 during midday trading on Thursday. The company’s stock had a trading volume of 25,405 shares, compared to its average volume of 101,407. BNY Mellon Ultra Short Income ETF has a 52 week low of $49.47 and a 52 week high of $49.96. The business has a 50-day moving average of $49.60 and a 200 day moving average of $49.67.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1359 per share. This is a decrease from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1588. The ex-dividend date was Thursday, October 1st. This represents a $1.63 annualized dividend and a dividend yield of 3.3%.

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.