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

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

BNY Mellon Ultra Short Income ETF Stock Performance

The company has a 50 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 disclosed a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.208 per share. The ex-dividend date was Friday, November 1st.

Institutional Trading of 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 stake in shares of BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.