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 strong trading volume on Wednesday. 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 Up 0.0%

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

BNY Mellon Ultra Short Income ETF Increases Dividend

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

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

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

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.