BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Down 18.9% in January

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 426 shares, a decline of 18.9% from the December 31st total of 525 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 23,780 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 23,780 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of BNY Mellon Ultra Short Income ETF

A number of hedge funds have recently added to or reduced their stakes in BKUI. JPMorgan Chase & Co. bought a new position in BNY Mellon Ultra Short Income ETF during the 2nd quarter worth about $31,000. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon Ultra Short Income ETF in the 2nd quarter worth approximately $138,000. Q3 Asset Management purchased a new stake in shares of BNY Mellon Ultra Short Income ETF in the 4th quarter worth approximately $205,000. HBW Advisory Services LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the third quarter valued at approximately $212,000. Finally, WealthCare Investment Partners LLC purchased a new position in BNY Mellon Ultra Short Income ETF during the fourth quarter valued at approximately $373,000.

BNY Mellon Ultra Short Income ETF Stock Down 0.3%

NYSEARCA:BKUI traded down $0.15 during midday trading on Monday, hitting $49.76. The stock had a trading volume of 11,090 shares, compared to its average volume of 21,276. The stock has a 50-day moving average of $49.83 and a 200 day moving average of $49.84. BNY Mellon Ultra Short Income ETF has a one year low of $49.36 and a one year high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.1648 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.