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

Shares of BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw unusually-strong trading volume on Monday . 75,231 shares were traded during trading, a decline of 26% from the previous session’s volume of 101,266 shares.The stock last traded at $49.63 and had previously closed at $49.60.

BNY Mellon Ultra Short Income ETF Stock Performance

The firm has a 50-day moving average price of $49.72 and a 200-day moving average price of $49.77.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Western Wealth Management LLC raised its position in 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 in the last quarter. Private Advisor Group LLC boosted its position in shares of BNY Mellon Ultra Short Income ETF by 11.3% during the 1st 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 in the last quarter. RPOA Advisors Inc. boosted its position in shares of BNY Mellon Ultra Short Income ETF by 896.0% during the 1st quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock valued at $314,260,000 after purchasing an additional 5,678,543 shares in the last quarter. Krilogy Financial LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF in the 1st quarter worth approximately $397,000. Finally, LPL Financial LLC grew its stake in shares of BNY Mellon Ultra Short Income ETF by 28.8% in the 4th quarter. LPL Financial LLC now owns 30,879 shares of the company’s stock worth $1,536,000 after purchasing an additional 6,913 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.