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 fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

BNY Mellon Ultra Short Income ETF Price Performance

The firm’s 50-day simple moving average is $49.69 and its 200-day simple moving average is $49.66.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.208 dividend. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Inflows and Outflows

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