BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 218,212 shares, a drop of 46.0% from the June 30th total of 404,053 shares. Based on an average daily trading volume, of 415,612 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On BNY Mellon Dynamic Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKDV. Clearstead Advisors LLC acquired a new stake in shares of BNY Mellon Dynamic Value ETF in the fourth quarter worth $29,000. Western Wealth Management LLC acquired a new position in BNY Mellon Dynamic Value ETF in the 1st quarter valued at $52,000. Whittier Trust Co. of Nevada Inc. bought a new position in BNY Mellon Dynamic Value ETF in the 4th quarter worth $55,000. Advisory Services Network LLC bought a new position in BNY Mellon Dynamic Value ETF in the 3rd quarter worth $61,000. Finally, IFP Advisors Inc acquired a new position in BNY Mellon Dynamic Value ETF during the 3rd quarter worth $67,000.

BNY Mellon Dynamic Value ETF Stock Performance

Shares of BKDV traded up $0.31 during trading hours on Friday, hitting $34.01. 372,062 shares of the company were exchanged, compared to its average volume of 384,414. The company has a market cap of $1.78 billion, a PE ratio of 19.68 and a beta of 0.73. The firm’s 50 day moving average is $33.34 and its 200-day moving average is $31.61. BNY Mellon Dynamic Value ETF has a 52 week low of $26.07 and a 52 week high of $34.08.

About BNY Mellon Dynamic Value ETF

(Get Free Report)

The BNY Mellon Dynamic Value ETF (BKDV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, focusing on value companies of any market-cap globally. The fund seeks capital growth through a bottom-up investment approach, prioritizing intrinsic value, strong fundamentals, and positive momentum BKDV was launched on Nov 1, 2024 and is issued by BNY Mellon.

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