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

Shares of BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw strong trading volume on Thursday. Approximately 285,797 shares were traded during trading, an increase of 192% from the average daily volume of 97,924 shares. The stock last traded at $49.5250 and had previously closed at $49.54.

BNY Mellon Ultra Short Income ETF Stock Down 0.0%

The business has a fifty day moving average price of $49.57 and a 200-day moving average price of $49.69.

BNY Mellon Ultra Short Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.1724 dividend. This is an increase from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1359. This represents a $2.07 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, November 2nd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. RPOA Advisors Inc. lifted its holdings in shares of BNY Mellon Ultra Short Income ETF by 64.6% in the 3rd quarter. RPOA Advisors Inc. now owns 10,418,139 shares of the company’s stock worth $516,896,000 after acquiring an additional 4,090,678 shares during the last quarter. Venture Visionary Partners LLC raised its position in BNY Mellon Ultra Short Income ETF by 7.7% in the 3rd quarter. Venture Visionary Partners LLC now owns 76,885 shares of the company’s stock worth $3,815,000 after purchasing an additional 5,524 shares during the period. Integrity Alliance LLC. bought a new stake in BNY Mellon Ultra Short Income ETF in the third quarter worth $2,619,000. Flagship Harbor Advisors LLC lifted its stake in BNY Mellon Ultra Short Income ETF by 221.5% in the third quarter. Flagship Harbor Advisors LLC now owns 32,147 shares of the company’s stock worth $1,595,000 after purchasing an additional 22,147 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in BNY Mellon Ultra Short Income ETF by 167.8% during the second quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock valued at $1,407,000 after buying an additional 17,717 shares during the period.

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.