BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Up 267.7% in May

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 38,835 shares, an increase of 267.7% from the April 30th total of 10,562 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 46,779 shares, the days-to-cover ratio is presently 0.8 days.

BNY Mellon Ultra Short Income ETF Price Performance

BKUI traded up $0.01 during midday trading on Friday, reaching $49.81. The company’s stock had a trading volume of 87,679 shares, compared to its average volume of 111,903. BNY Mellon Ultra Short Income ETF has a 1 year low of $49.36 and a 1 year high of $50.93. The stock’s 50-day moving average is $49.74 and its 200-day moving average is $49.79.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PCG Wealth Advisors LLC grew its holdings in BNY Mellon Ultra Short Income ETF by 1.2% in the fourth quarter. PCG Wealth Advisors LLC now owns 34,762 shares of the company’s stock worth $1,729,000 after purchasing an additional 423 shares during the period. JPMorgan Chase & Co. purchased a new stake in BNY Mellon Ultra Short Income ETF in the second quarter worth about $31,000. Private Advisor Group LLC grew its holdings in BNY Mellon Ultra Short Income ETF by 11.3% in the first quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock worth $942,000 after purchasing an additional 1,915 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon Ultra Short Income ETF during the second quarter valued at approximately $138,000. Finally, Kensington Asset Management LLC grew its holdings in shares of BNY Mellon Ultra Short Income ETF by 2.2% during the third quarter. Kensington Asset Management LLC now owns 138,713 shares of the company’s stock valued at $6,927,000 after buying an additional 3,010 shares during the last quarter.

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.