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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 14,246 shares, a growth of 71.5% from the August 15th total of 8,307 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 38,100 shares, the short-interest ratio is currently 0.4 days.

BNY Mellon Ultra Short Income ETF Stock Down 0.0%

NYSEARCA BKUI traded down $0.01 on Wednesday, hitting $49.55. 37,158 shares of the company were exchanged, compared to its average volume of 84,419. The stock has a fifty day moving average of $49.65 and a 200-day moving average of $49.70. BNY Mellon Ultra Short Income ETF has a 12 month low of $49.53 and a 12 month high of $49.96.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1741 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.2%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC increased its holdings in shares of BNY Mellon Ultra Short Income ETF by 167.8% during the second quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock valued at $1,407,000 after acquiring an additional 17,717 shares in the last quarter. Western Wealth Management LLC grew its position 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 valued at $1,145,000 after purchasing an additional 3,436 shares during the period. Private Advisor Group LLC increased its stake in BNY Mellon Ultra Short Income ETF by 11.3% during the 1st quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock valued at $942,000 after purchasing an additional 1,915 shares in the last quarter. RPOA Advisors Inc. increased its stake in BNY Mellon Ultra Short Income ETF by 896.0% during the 1st quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after purchasing an additional 5,678,543 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new position in BNY Mellon Ultra Short Income ETF during the first quarter worth $397,000.

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.