Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Sees Large Increase in Short Interest

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 600 shares, an increase of 50.0% from the May 15th total of 400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco Bloomberg MVP Multi-factor ETF

Several institutional investors have recently made changes to their positions in BMVP. Ameriflex Group Inc. acquired a new position in Invesco Bloomberg MVP Multi-factor ETF during the 4th quarter valued at approximately $47,000. Jones Financial Companies Lllp grew its position in shares of Invesco Bloomberg MVP Multi-factor ETF by 59.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,400 shares of the company’s stock worth $112,000 after acquiring an additional 891 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Invesco Bloomberg MVP Multi-factor ETF in the 4th quarter worth about $226,000. Entrewealth LLC bought a new stake in Invesco Bloomberg MVP Multi-factor ETF in the 4th quarter valued at about $236,000. Finally, Dale Q Rice Investment Management Ltd acquired a new position in Invesco Bloomberg MVP Multi-factor ETF during the 1st quarter valued at about $297,000.

Invesco Bloomberg MVP Multi-factor ETF Stock Performance

Shares of NYSEARCA BMVP traded up $0.28 during midday trading on Monday, hitting $47.90. The company’s stock had a trading volume of 434 shares, compared to its average volume of 2,412. Invesco Bloomberg MVP Multi-factor ETF has a 1-year low of $42.01 and a 1-year high of $50.90. The firm’s fifty day moving average price is $46.85 and its 200-day moving average price is $47.56. The firm has a market cap of $110.64 million, a P/E ratio of 21.07 and a beta of 0.97.

Invesco Bloomberg MVP Multi-factor ETF Company Profile

The Invesco Bloomberg MVP Multi-factor ETF (BMVP) is an exchange-traded fund that is based on the Bloomberg MVP index. The fund tracks an equally-weighted index of US large-cap securities, selected by their fundamental and technical characteristics. BMVP was launched on May 1, 2003 and is issued by Invesco.