BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV) Stock Short Interest Declines 56.7%

BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 141,386 shares, a drop of 56.7% from the September 30th total of 326,891 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 729,935 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On BNY Mellon Dynamic Value ETF

A number of hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC grew its stake in BNY Mellon Dynamic Value ETF by 116.6% during the first quarter. Bleakley Financial Group LLC now owns 350,119 shares of the company’s stock worth $10,385,000 after buying an additional 188,464 shares during the last quarter. JSF Financial LLC increased its holdings in shares of BNY Mellon Dynamic Value ETF by 205.4% during the first quarter. JSF Financial LLC now owns 186,738 shares of the company’s stock worth $5,539,000 after buying an additional 125,588 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of BNY Mellon Dynamic Value ETF by 20.9% in the second quarter. Integrated Wealth Concepts LLC now owns 710,411 shares of the company’s stock valued at $23,792,000 after acquiring an additional 122,841 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of BNY Mellon Dynamic Value ETF in the second quarter valued at approximately $3,834,000. Finally, FAS Wealth Partners Inc. raised its stake in shares of BNY Mellon Dynamic Value ETF by 83.8% in the first quarter. FAS Wealth Partners Inc. now owns 186,746 shares of the company’s stock valued at $5,539,000 after acquiring an additional 85,124 shares during the last quarter.

BNY Mellon Dynamic Value ETF Trading Down 0.9%

NYSEARCA BKDV traded down $0.32 on Friday, reaching $34.72. The company’s stock had a trading volume of 614,427 shares, compared to its average volume of 423,652. BNY Mellon Dynamic Value ETF has a 52 week low of $27.35 and a 52 week high of $35.14. The firm has a market cap of $2.27 billion, a PE ratio of 19.68 and a beta of 0.73. The business has a 50-day moving average price of $34.43 and a 200 day moving average price of $32.54.

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.