BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Reaches New 12-Month Low – Here’s What Happened

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) shares hit a new 52-week low on Wednesday . The company traded as low as $49.53 and last traded at $49.5550, with a volume of 614 shares. The stock had previously closed at $49.56.

BNY Mellon Ultra Short Income ETF Stock Performance

The business’s 50 day simple moving average is $49.65 and its 200 day simple moving average is $49.70.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.1741 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 3rd.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Large investors have recently made changes to their positions in the business. RPOA Advisors Inc. lifted its position in BNY Mellon Ultra Short Income ETF by 896.0% in the 1st quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock worth $314,260,000 after buying an additional 5,678,543 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of BNY Mellon Ultra Short Income ETF by 167.8% during the 2nd quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock valued at $1,407,000 after acquiring an additional 17,717 shares in the last quarter. Krilogy Financial LLC purchased a new position in shares of BNY Mellon Ultra Short Income ETF during the 1st quarter valued at $397,000. Western Wealth Management LLC increased its stake in shares of BNY Mellon Ultra Short Income ETF by 17.6% in the first quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock worth $1,145,000 after acquiring an additional 3,436 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake 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 worth $942,000 after acquiring an additional 1,915 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.