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

by · The Cerbat Gem

BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 249,838 shares, a growth of 133.9% from the April 15th total of 106,822 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 607,789 shares, the days-to-cover ratio is presently 0.4 days.

BNY Mellon Dynamic Value ETF Stock Performance

NYSEARCA:BKDV traded down $0.40 on Friday, hitting $32.08. 216,290 shares of the stock were exchanged, compared to its average volume of 381,261. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.68 and a beta of 0.77. BNY Mellon Dynamic Value ETF has a 52 week low of $24.85 and a 52 week high of $32.59. The company’s 50-day moving average price is $30.61 and its 200 day moving average price is $29.85.

Institutional Trading of BNY Mellon Dynamic Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKDV. Clearstead Advisors LLC bought a new stake in shares of BNY Mellon Dynamic Value ETF in the 4th quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of BNY Mellon Dynamic Value ETF in the 4th quarter valued at about $55,000. Advisory Services Network LLC bought a new stake in shares of BNY Mellon Dynamic Value ETF in the 3rd quarter valued at about $61,000. IFP Advisors Inc bought a new stake in shares of BNY Mellon Dynamic Value ETF in the 3rd quarter valued at about $67,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of BNY Mellon Dynamic Value ETF in the 3rd quarter valued at about $84,000.

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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