Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Short Interest Update

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 54,361 shares, a decline of 41.3% from the May 14th total of 92,542 shares. Based on an average daily trading volume, of 158,223 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 1.5%

Shares of Invesco Russell 1000 Dynamic Multifactor ETF stock opened at $69.10 on Tuesday. The firm’s 50 day simple moving average is $66.23 and its two-hundred day simple moving average is $63.44. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a 12-month low of $55.50 and a 12-month high of $69.29.

Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock valued at $223,139,000 after acquiring an additional 931,158 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% during the second quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock worth $123,862,000 after purchasing an additional 573,361 shares during the last quarter. Corient Private Wealth LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter valued at $21,157,000. Curry Webb Wealth Management LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the first quarter valued at $16,619,000. Finally, Matthew Goff Investment Advisor LLC purchased a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at $16,394,000.

Invesco Russell 1000 Dynamic Multifactor ETF Company Profile

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions. OMFL was launched on Nov 8, 2017 and is managed by Invesco.