Short Interest in Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) Declines By 93.8%

Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 8,243 shares, a drop of 93.8% from the June 15th total of 131,985 shares. Based on an average daily volume of 50,418 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco International Developed Dynamic Multifactor ETF

Several institutional investors have recently modified their holdings of IMFL. IFP Advisors Inc increased its stake in Invesco International Developed Dynamic Multifactor ETF by 498.5% in the 3rd quarter. IFP Advisors Inc now owns 3,160 shares of the company’s stock valued at $87,000 after purchasing an additional 2,632 shares in the last quarter. Osaic Holdings Inc. boosted its position in Invesco International Developed Dynamic Multifactor ETF by 58.1% during the fourth quarter. Osaic Holdings Inc. now owns 4,694 shares of the company’s stock worth $140,000 after purchasing an additional 1,725 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Invesco International Developed Dynamic Multifactor ETF during the second quarter worth $135,000. Raymond James Financial Inc. acquired a new stake in Invesco International Developed Dynamic Multifactor ETF in the second quarter valued at $191,000. Finally, VestGen Advisors LLC grew its holdings in Invesco International Developed Dynamic Multifactor ETF by 4.1% in the fourth quarter. VestGen Advisors LLC now owns 7,756 shares of the company’s stock valued at $231,000 after purchasing an additional 303 shares during the last quarter.

Invesco International Developed Dynamic Multifactor ETF Price Performance

IMFL remained flat at $34.08 on Friday. 52,214 shares of the company’s stock traded hands, compared to its average volume of 123,082. The business has a fifty day moving average price of $34.14 and a two-hundred day moving average price of $32.83. Invesco International Developed Dynamic Multifactor ETF has a one year low of $26.54 and a one year high of $36.28. The firm has a market capitalization of $707.16 million, a price-to-earnings ratio of 19.09 and a beta of 0.77.

About Invesco International Developed Dynamic Multifactor ETF

The Invesco International Developed Dynamic Multifactor ETF (IMFL) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a developed market ex-US index that holds large- and some mid-cap equity securities based on multiple factors. Securities are selected depending on the stage in the economic cycle of the overall market. IMFL was launched on Feb 24, 2021 and is managed by Invesco.