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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 11,584 shares, a drop of 77.4% from the June 30th total of 51,348 shares. Based on an average trading volume of 93,851 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

A number of large investors have recently modified their holdings of BKUI. JPMorgan Chase & Co. bought a new position in BNY Mellon Ultra Short Income ETF in the second quarter worth about $31,000. Raymond James Financial Inc. bought a new position in shares of BNY Mellon Ultra Short Income ETF in the 2nd quarter worth approximately $138,000. Jane Street Group LLC raised its position in shares of BNY Mellon Ultra Short Income ETF by 93.4% in the 2nd quarter. Jane Street Group LLC now owns 30,944 shares of the company’s stock worth $1,543,000 after acquiring an additional 14,948 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at approximately $832,000. Finally, PCG Wealth Advisors LLC purchased a new position in shares of BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at approximately $1,715,000.

BNY Mellon Ultra Short Income ETF Stock Performance

NYSEARCA:BKUI traded down $0.01 during trading hours on Friday, hitting $49.66. The company had a trading volume of 110,628 shares, compared to its average volume of 97,306. The stock has a 50-day moving average price of $49.69 and a 200 day moving average price of $49.75. BNY Mellon Ultra Short Income ETF has a 52 week low of $49.54 and a 52 week high of $49.96.

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.