BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) Shares Cross Below 50 Day Moving Average – What’s Next?

BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $49.69 and traded as low as $49.66. BNY Mellon Ultra Short Income ETF shares last traded at $49.67, with a volume of 17,680 shares traded.

BNY Mellon Ultra Short Income ETF Stock Performance

The company has a 50 day simple moving average of $49.69 and a two-hundred day simple moving average of $49.66.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 6th. Investors 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.

Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF

An institutional investor recently bought a new position in BNY Mellon Ultra Short Income ETF stock. Jane Street Group LLC acquired a new position in BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,648 shares of the company’s stock, valued at approximately $282,000. Jane Street Group LLC owned 0.38% of BNY Mellon Ultra Short Income ETF at the end of the most recent reporting period.

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.