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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw unusually-strong trading volume on Monday . 149,075 shares were traded during mid-day trading, an increase of 51% from the previous session’s volume of 98,771 shares.The stock last traded at $49.76 and had previously closed at $49.75.

BNY Mellon Ultra Short Income ETF Trading Up 0.0%

The business’s fifty day moving average price is $49.73 and its 200-day moving average price is $49.77.

Institutional Trading of BNY Mellon Ultra Short Income ETF

A number of institutional investors have recently modified their holdings of BKUI. Western Wealth Management LLC boosted its stake in BNY Mellon Ultra Short Income ETF by 17.6% during the first quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock worth $1,145,000 after buying an additional 3,436 shares during the period. Private Advisor Group LLC increased its holdings in shares of BNY Mellon Ultra Short Income ETF by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 18,920 shares of the company’s stock valued at $942,000 after acquiring an additional 1,915 shares during the period. RPOA Advisors Inc. raised its position in shares of BNY Mellon Ultra Short Income ETF by 896.0% in the 1st quarter. RPOA Advisors Inc. now owns 6,312,334 shares of the company’s stock worth $314,260,000 after acquiring an additional 5,678,543 shares in the last quarter. Krilogy Financial LLC purchased a new stake in shares of BNY Mellon Ultra Short Income ETF during the 1st quarter worth $397,000. Finally, LPL Financial LLC lifted its stake in shares of BNY Mellon Ultra Short Income ETF by 28.8% during 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.