BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Down 59.8% in April

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 10,562 shares, a drop of 59.8% from the April 15th total of 26,251 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 44,694 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

A number of hedge funds have recently added to or reduced their stakes in the business. RPOA Advisors Inc. boosted its holdings in shares of BNY Mellon Ultra Short Income ETF by 896.0% during the first 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. Krilogy Financial LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the first quarter valued at $397,000. PCG Wealth Advisors LLC boosted its holdings in shares of BNY Mellon Ultra Short Income ETF by 1.2% during the fourth quarter. PCG Wealth Advisors LLC now owns 34,762 shares of the company’s stock valued at $1,729,000 after acquiring an additional 423 shares during the period. Western Wealth Management LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the fourth quarter valued at $973,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of BNY Mellon Ultra Short Income ETF by 109.7% during the third quarter. JPMorgan Chase & Co. now owns 1,298 shares of the company’s stock valued at $65,000 after acquiring an additional 679 shares during the period.

BNY Mellon Ultra Short Income ETF Stock Performance

Shares of BKUI traded up $0.01 during trading hours on Thursday, reaching $49.71. The company had a trading volume of 11,705 shares, compared to its average volume of 118,371. The firm has a 50 day simple moving average of $49.74 and a 200-day simple moving average of $49.80. BNY Mellon Ultra Short Income ETF has a 12-month low of $49.36 and a 12-month high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1599 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd.

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.