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

by · The Markets Daily

BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV – Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 304,715 shares, a growth of 55.5% from the August 15th total of 196,018 shares. Based on an average daily trading volume, of 317,052 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of BNY Mellon Dynamic Value ETF by 3,033.9% in the fourth quarter. IFP Advisors Inc now owns 75,214 shares of the company’s stock valued at $2,183,000 after acquiring an additional 72,814 shares in the last quarter. Ruggaard & Associates LLC purchased a new position in BNY Mellon Dynamic Value ETF during the 4th quarter valued at about $7,695,000. Nations Financial Group Inc. IA ADV increased its position in BNY Mellon Dynamic Value ETF by 63.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 204,852 shares of the company’s stock valued at $6,076,000 after purchasing an additional 79,468 shares during the period. Principle Wealth Partners LLC raised its holdings in shares of BNY Mellon Dynamic Value ETF by 2.7% in the 4th quarter. Principle Wealth Partners LLC now owns 3,807,835 shares of the company’s stock valued at $110,503,000 after purchasing an additional 98,693 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of BNY Mellon Dynamic Value ETF by 20.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 710,411 shares of the company’s stock valued at $23,792,000 after purchasing an additional 122,841 shares in the last quarter.

BNY Mellon Dynamic Value ETF Price Performance

BKDV stock traded up $0.29 during mid-day trading on Thursday, reaching $34.27. The company had a trading volume of 147,974 shares, compared to its average volume of 377,958. The company has a market capitalization of $1.83 billion, a PE ratio of 19.68 and a beta of 0.72. The firm has a 50 day moving average of $34.31 and a 200 day moving average of $32.59. BNY Mellon Dynamic Value ETF has a 12 month low of $27.16 and a 12 month high of $35.14.

BNY Mellon Dynamic Value ETF Company Profile

(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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