BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,266 shares, a drop of 89.1% from the July 15th total of 11,584 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 58,179 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in BKUI. JPMorgan Chase & Co. acquired a new position in BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at approximately $31,000. Raymond James Financial Inc. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 2nd quarter worth approximately $138,000. Q3 Asset Management acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 4th quarter worth approximately $205,000. Krilogy Financial LLC acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the 1st quarter worth approximately $397,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of BNY Mellon Ultra Short Income ETF during the fourth quarter valued at approximately $558,000.
BNY Mellon Ultra Short Income ETF Stock Performance
NYSEARCA:BKUI opened at $49.67 on Friday. The firm’s 50-day moving average is $49.67 and its 200-day moving average is $49.73. 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.
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