BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Trading 0.1% Higher – Still a Buy?

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI)’s stock price shot up 0.1% during trading on Monday . The company traded as high as $49.73 and last traded at $49.73. 30,899 shares traded hands during trading, an increase of 189% from the average session volume of 10,707 shares. The stock had previously closed at $49.69.

BNY Mellon Ultra Short Income ETF Trading Up 0.1 %

The business has a fifty day simple moving average of $49.73 and a 200 day simple moving average of $49.64.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.208 per share. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Investors Weigh In On BNY Mellon Ultra Short Income ETF

A hedge fund recently bought a new stake in BNY Mellon Ultra Short Income ETF stock. Jane Street Group LLC acquired a new position in shares of BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,648 shares of the company’s stock, valued at approximately $282,000. Jane Street Group LLC owned about 0.38% of BNY Mellon Ultra Short Income ETF as of its most recent SEC filing.

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.