BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Up 556.2% in August

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 8,307 shares, an increase of 556.2% from the July 30th total of 1,266 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 24,826 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Several large investors have recently made changes to their positions in the company. RPOA Advisors Inc. boosted its holdings in BNY Mellon Ultra Short Income ETF by 896.0% in the first quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after acquiring an additional 5,678,543 shares during the last quarter. PCG Wealth Advisors LLC raised its holdings in BNY Mellon Ultra Short Income ETF by 1.2% during the 4th quarter. PCG Wealth Advisors LLC now owns 34,762 shares of the company’s stock worth $1,729,000 after purchasing an additional 423 shares during the last quarter. Raymond James Financial Inc. lifted its position 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 purchasing an additional 31,564 shares during the period. Jane Street Group LLC boosted its stake 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 valued at $1,543,000 after purchasing an additional 14,948 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of BNY Mellon Ultra Short Income ETF by 28.8% in the 4th quarter. LPL Financial LLC now owns 30,879 shares of the company’s stock valued at $1,536,000 after purchasing an additional 6,913 shares during the last quarter.

BNY Mellon Ultra Short Income ETF Stock Up 0.0%

NYSEARCA:BKUI opened at $49.72 on Wednesday. The stock’s fifty day moving average price is $49.67 and its two-hundred day moving average price is $49.72. BNY Mellon Ultra Short Income ETF has a 52-week low of $49.54 and a 52-week high of $49.96.

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.