BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI – Get Free Report)’s stock price reached a new 52-week low on Wednesday. The stock traded as low as $49.19 and last traded at $49.54, with a volume of 1,111 shares changing hands. The stock had previously closed at $49.55.
BNY Mellon Ultra Short Income ETF Price Performance
The business’s 50 day moving average is $49.60 and its two-hundred day moving average is $49.67.
BNY Mellon Ultra Short Income ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.1359 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.63 dividend on an annualized basis and a yield of 3.3%. This is a drop from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1588.
Hedge Funds Weigh In On BNY Mellon Ultra Short Income ETF
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. BKUI was launched on Aug 9, 2021 and is managed by BNY Mellon.
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