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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw unusually-strong trading volume on Wednesday. Approximately 215,160 shares changed hands during mid-day trading, an increase of 123% from the average daily volume of 96,445 shares. The stock last traded at $49.5250 and had previously closed at $49.52.

BNY Mellon Ultra Short Income ETF Price Performance

The business’s 50 day moving average is $49.58 and its 200 day moving average is $49.69.

BNY Mellon Ultra Short Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a dividend of $0.1724 per share. The ex-dividend date was Monday, November 2nd. This is an increase from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1359. This represents a $2.07 annualized dividend and a dividend yield of 4.2%.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its holdings in shares of 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 valued at $942,000 after purchasing an additional 1,915 shares during the period. Western Wealth Management LLC lifted its holdings in shares of BNY Mellon Ultra Short Income ETF by 17.6% during the first quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock worth $1,145,000 after purchasing an additional 3,436 shares during the period. StoneX Group Inc. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF during the third quarter worth about $201,000. Venture Visionary Partners LLC lifted its holdings in shares of BNY Mellon Ultra Short Income ETF by 7.7% during the third quarter. Venture Visionary Partners LLC now owns 76,885 shares of the company’s stock worth $3,815,000 after purchasing an additional 5,524 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in BNY Mellon Ultra Short Income ETF by 91.6% in the second quarter. Envestnet Asset Management Inc. now owns 13,988 shares of the company’s stock valued at $696,000 after buying an additional 6,688 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.