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

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) saw unusually-high trading volume on Thursday. Approximately 285,797 shares traded hands during mid-day 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 Performance

The company has a 50 day moving average of $49.57 and a 200-day moving average of $49.69.

BNY Mellon Ultra Short Income ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. RPOA Advisors Inc. lifted its position 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. Venture Visionary Partners LLC raised its position in shares of BNY Mellon Ultra Short Income ETF by 7.7% during the 3rd quarter. Venture Visionary Partners LLC now owns 76,885 shares of the company’s stock valued at $3,815,000 after buying an additional 5,524 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in shares of BNY Mellon Ultra Short Income ETF during the 3rd quarter valued at $2,619,000. Flagship Harbor Advisors LLC lifted its holdings in shares of 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 acquiring an additional 22,147 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of BNY Mellon Ultra Short Income ETF by 167.8% during the 2nd quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock worth $1,407,000 after acquiring an additional 17,717 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.