Short Interest in BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV) Decreases By 46.0%

BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 218,212 shares, a decrease of 46.0% from the June 30th total of 404,053 shares. Based on an average trading volume of 415,612 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On BNY Mellon Dynamic Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BKDV. Clearstead Advisors LLC bought a new position in shares of BNY Mellon Dynamic Value ETF in the fourth quarter valued at approximately $29,000. Western Wealth Management LLC bought a new stake in BNY Mellon Dynamic Value ETF during the first quarter worth $52,000. Whittier Trust Co. of Nevada Inc. purchased a new position in BNY Mellon Dynamic Value ETF in the fourth quarter worth $55,000. Advisory Services Network LLC bought a new position in BNY Mellon Dynamic Value ETF in the 3rd quarter valued at $61,000. Finally, IFP Advisors Inc bought a new position in BNY Mellon Dynamic Value ETF in the 3rd quarter valued at $67,000.

BNY Mellon Dynamic Value ETF Price Performance

Shares of BKDV stock traded down $0.49 on Wednesday, hitting $33.46. The stock had a trading volume of 556,004 shares, compared to its average volume of 381,087. The business has a 50 day moving average of $33.27 and a 200 day moving average of $31.54. BNY Mellon Dynamic Value ETF has a 12-month low of $26.07 and a 12-month high of $34.03. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 19.68 and a beta of 0.73.

BNY Mellon Dynamic Value ETF Company Profile

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.