BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Sees Unusually-High Trading Volume – Here’s Why

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) shares saw unusually-high trading volume on Wednesday. Approximately 215,160 shares were traded 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 Stock Performance

The company’s 50-day moving average price is $49.59 and its 200-day moving average price is $49.70.

BNY Mellon Ultra Short Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be issued a $0.1724 dividend. This represents a $2.07 dividend on an annualized basis and a yield of 4.2%. This is a boost from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1359. The ex-dividend date is Monday, November 2nd.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

Several large investors have recently bought and sold shares of the business. StoneX Group Inc. acquired a new stake in BNY Mellon Ultra Short Income ETF during the 3rd quarter worth $201,000. Commonwealth Equity Services LLC purchased a new position in BNY Mellon Ultra Short Income ETF during the third quarter worth about $643,000. Integrity Alliance LLC. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the 3rd quarter valued at approximately $2,619,000. Flagship Harbor Advisors LLC increased its holdings in shares of BNY Mellon Ultra Short Income ETF by 221.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 32,147 shares of the company’s stock valued at $1,595,000 after purchasing an additional 22,147 shares in the last quarter. Finally, RPOA Advisors Inc. increased its holdings in BNY Mellon Ultra Short Income ETF by 64.6% in the third quarter. RPOA Advisors Inc. now owns 10,418,139 shares of the company’s stock valued at $516,896,000 after buying an additional 4,090,678 shares in 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.