Short Interest in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Decreases By 100.0%

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 4 shares, a drop of 100.0% from the February 26th total of 9,862 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 457,987 shares, the short-interest ratio is presently 0.0 days.

BNY Mellon Ultra Short Income ETF Trading Down 0.0%

NYSEARCA:BKUI traded down $0.02 on Thursday, hitting $49.72. The stock had a trading volume of 11,766 shares, compared to its average volume of 143,886. The business’s 50-day simple moving average is $49.81 and its two-hundred day simple moving average is $49.83. BNY Mellon Ultra Short Income ETF has a 52-week low of $49.36 and a 52-week high of $50.93.

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 paid a $0.1599 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at $1,953,000. PCG Wealth Advisors LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter valued at about $1,715,000. Elevated Financial Group LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the 4th quarter valued at about $1,692,000. Avestar Capital LLC grew its position in shares of BNY Mellon Ultra Short Income ETF by 8.7% during the second quarter. Avestar Capital LLC now owns 407,209 shares of the company’s stock valued at $20,312,000 after purchasing an additional 32,750 shares in the last quarter. Finally, Total Investment Management Inc. increased its holdings in shares of BNY Mellon Ultra Short Income ETF by 1.7% in the second quarter. Total Investment Management Inc. now owns 1,901,202 shares of the company’s stock worth $94,832,000 after purchasing an additional 31,676 shares during the last quarter.

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.