BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Short Interest Up 368.6% in February

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUIGet Free Report) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 9,343 shares, a growth of 368.6% from the January 29th total of 1,994 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 13,727 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 13,727 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

BNY Mellon Ultra Short Income ETF Stock Performance

Shares of BKUI stock opened at $49.89 on Thursday. BNY Mellon Ultra Short Income ETF has a 52-week low of $49.36 and a 52-week high of $50.93. The business’s fifty day moving average is $49.83 and its 200 day moving average is $49.84.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1648 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

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

About BNY Mellon Ultra Short Income ETF

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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.

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