BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV) Shares Shorted: Short Interest Down 56.7% in October

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BKDV. KFA Private Wealth Group LLC boosted its stake in BNY Mellon Dynamic Value ETF by 52.9% during the 2nd quarter. KFA Private Wealth Group LLC now owns 43,780 shares of the company’s stock valued at $1,466,000 after purchasing an additional 15,144 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of BNY Mellon Dynamic Value ETF by 20.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 710,411 shares of the company’s stock worth $23,792,000 after acquiring an additional 122,841 shares in the last quarter. Maia Wealth LLC grew its position in shares of BNY Mellon Dynamic Value ETF by 14.5% in the third quarter. Maia Wealth LLC now owns 161,343 shares of the company’s stock valued at $5,437,000 after purchasing an additional 20,391 shares during the last quarter. FAS Wealth Partners Inc. increased its position in BNY Mellon Dynamic Value ETF by 83.8% during the first quarter. FAS Wealth Partners Inc. now owns 186,746 shares of the company’s stock worth $5,539,000 after acquiring an additional 85,124 shares during the period. Finally, Bleakley Financial Group LLC increased 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 valued at $10,385,000 after acquiring an additional 188,464 shares during the period.

BNY Mellon Dynamic Value ETF Trading Down 0.9%

BKDV traded down $0.32 during midday trading on Friday, hitting $34.72. The company’s stock had a trading volume of 578,680 shares, compared to its average volume of 422,720. 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 50-day moving average price of $34.42 and a two-hundred day moving average price of $32.52. The firm has a market cap of $2.27 billion, a P/E ratio of 19.68 and a beta of 0.73.

About BNY Mellon Dynamic Value ETF

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.