BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Up 1,440.6% in April

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 26,251 shares, an increase of 1,440.6% from the March 31st total of 1,704 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 125,030 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of BNY Mellon Ultra Short Income ETF during the second quarter worth $31,000. Raymond James Financial Inc. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the second quarter worth $138,000. Q3 Asset Management bought a new stake in BNY Mellon Ultra Short Income ETF in the 4th quarter valued at $205,000. HBW Advisory Services LLC bought a new stake in BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at $212,000. Finally, WealthCare Investment Partners LLC acquired a new position in BNY Mellon Ultra Short Income ETF in the 4th quarter worth $373,000.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

Shares of NYSEARCA:BKUI traded up $0.02 during trading on Friday, hitting $49.81. 10,397 shares of the company’s stock traded hands, compared to its average volume of 132,658. The company has a 50-day moving average price of $49.77 and a 200-day moving average price of $49.81. BNY Mellon Ultra Short Income ETF has a 52 week low of $49.36 and a 52 week high of $50.93.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1599 per share. This represents a c) annualized dividend and a 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.