BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Large Volume Increase – Here’s What Happened

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw unusually-strong trading volume on Monday . 149,075 shares traded hands during trading, an increase of 51% from the previous session’s volume of 98,771 shares.The stock last traded at $49.76 and had previously closed at $49.75.

BNY Mellon Ultra Short Income ETF Stock Down 0.0%

The company has a 50 day moving average of $49.73 and a 200-day moving average of $49.77.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

A number of large investors have recently made changes to their positions in BKUI. JPMorgan Chase & Co. purchased a new position in shares of BNY Mellon Ultra Short Income ETF during the second quarter valued at approximately $31,000. Raymond James Financial Inc. purchased a new stake in BNY Mellon Ultra Short Income ETF in the second quarter worth $138,000. Q3 Asset Management bought a new stake in BNY Mellon Ultra Short Income ETF in the fourth quarter valued at $205,000. WealthCare Investment Partners LLC bought a new stake in BNY Mellon Ultra Short Income ETF in the fourth quarter valued at $373,000. Finally, Krilogy Financial LLC bought a new stake in BNY Mellon Ultra Short Income ETF in the first quarter valued at $397,000.

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.