BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Update

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 10,562 shares, a drop of 59.8% from the April 15th total of 26,251 shares. Based on an average trading volume of 44,694 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Several large investors have recently made changes to their positions in the stock. RPOA Advisors Inc. boosted its holdings in shares of BNY Mellon Ultra Short Income ETF by 896.0% in the 1st 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 during the last quarter. Kensington Asset Management LLC lifted its holdings in BNY Mellon Ultra Short Income ETF by 2.2% during the 3rd quarter. Kensington Asset Management LLC now owns 138,713 shares of the company’s stock valued at $6,927,000 after purchasing an additional 3,010 shares during the last quarter. PCG Wealth Advisors LLC lifted 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 valued at $1,729,000 after purchasing an additional 423 shares during the last quarter. Raymond James Financial Inc. lifted its holdings 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 last quarter. Finally, Elevated Financial Group LLC acquired a new stake in BNY Mellon Ultra Short Income ETF during the 4th quarter valued at $1,692,000.

BNY Mellon Ultra Short Income ETF Trading Down 0.0%

Shares of NYSEARCA:BKUI traded down $0.01 during midday trading on Friday, reaching $49.69. 26,208 shares of the company were exchanged, compared to its average volume of 117,646. BNY Mellon Ultra Short Income ETF has a fifty-two week low of $49.36 and a fifty-two week high of $50.93. The stock has a fifty day simple moving average of $49.73 and a two-hundred day simple moving average of $49.80.

BNY Mellon Ultra Short Income ETF Cuts Dividend

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

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.