BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Update

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,266 shares, a decrease of 89.1% from the July 15th total of 11,584 shares. Based on an average trading volume of 58,179 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BKUI. JPMorgan Chase & Co. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the second quarter valued at about $31,000. Raymond James Financial Inc. bought a new position in shares of BNY Mellon Ultra Short Income ETF during the second quarter worth about $138,000. Q3 Asset Management acquired a new position in shares of BNY Mellon Ultra Short Income ETF in the fourth quarter worth approximately $205,000. Krilogy Financial LLC bought a new stake in BNY Mellon Ultra Short Income ETF in the first quarter valued at approximately $397,000. Finally, Goldman Sachs Group Inc. bought a new stake in BNY Mellon Ultra Short Income ETF in the fourth quarter valued at approximately $558,000.

BNY Mellon Ultra Short Income ETF Price Performance

Shares of NYSEARCA:BKUI traded up $0.02 during mid-day trading on Thursday, reaching $49.67. 13,564 shares of the company’s stock were exchanged, compared to its average volume of 92,011. BNY Mellon Ultra Short Income ETF has a twelve month low of $49.54 and a twelve month high of $49.96. The business’s fifty day moving average price is $49.67 and its 200-day moving average price is $49.73.

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.