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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 9,058 shares, a decline of 50.2% from the September 15th total of 18,180 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 443,209 shares, the short-interest ratio is presently 0.0 days.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

BNY Mellon Ultra Short Income ETF stock traded up $0.01 during mid-day trading on Wednesday, reaching $49.55. 19,367 shares of the company traded hands, compared to its average volume of 101,783. BNY Mellon Ultra Short Income ETF has a fifty-two week low of $49.47 and a fifty-two week high of $49.96. The firm’s fifty day moving average is $49.60 and its two-hundred day moving average is $49.67.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1359 per share. The ex-dividend date was Thursday, October 1st. This is a decrease from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1588. This represents a $1.63 annualized dividend and a dividend yield of 3.3%.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

A number of large investors have recently made changes to their positions in BKUI. RPOA Advisors Inc. increased its position 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 acquiring an additional 5,678,543 shares during the period. Venture Visionary Partners LLC raised its stake in BNY Mellon Ultra Short Income ETF by 7.7% in the 3rd quarter. Venture Visionary Partners LLC now owns 76,885 shares of the company’s stock worth $3,815,000 after acquiring an additional 5,524 shares during the last quarter. Citadel Advisors LLC raised its stake in BNY Mellon Ultra Short Income ETF by 167.8% in the 2nd quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock worth $1,407,000 after acquiring an additional 17,717 shares during the last quarter. Western Wealth Management LLC raised its stake in BNY Mellon Ultra Short Income ETF by 17.6% in the 1st quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock worth $1,145,000 after acquiring an additional 3,436 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in BNY Mellon Ultra Short Income ETF by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock worth $942,000 after acquiring an additional 1,915 shares during the last quarter.

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.