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)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $49.53 and last traded at $49.56, with a volume of 1927 shares. The stock had previously closed at $49.71.

BNY Mellon Ultra Short Income ETF Stock Down 0.3%

The stock has a fifty day moving average price of $49.67 and a 200-day moving average price of $49.72.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

A number of institutional investors have recently bought and sold shares of BKUI. JPMorgan Chase & Co. acquired a new position in shares of BNY Mellon Ultra Short Income ETF in the 2nd quarter valued at about $31,000. Raymond James Financial Inc. acquired a new position in shares of BNY Mellon Ultra Short Income ETF during the 2nd quarter worth $138,000. Krilogy Financial LLC bought a new position in shares of BNY Mellon Ultra Short Income ETF during the 1st quarter valued at $397,000. Goldman Sachs Group Inc. acquired a new stake in shares of BNY Mellon Ultra Short Income ETF in the 4th quarter valued at $558,000. Finally, Private Advisor Group LLC bought a new stake in BNY Mellon Ultra Short Income ETF in the third quarter worth $832,000.

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.