Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Stock Short Interest Jumps 195.6%

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 52,700 shares, an increase of 195.6% from the September 15th total of 17,829 shares. Based on an average trading volume of 221,797 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% in the first quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock valued at $223,139,000 after buying an additional 931,158 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter worth $56,909,000. Envestnet Asset Management Inc. increased its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 136.4% during the second quarter. Envestnet Asset Management Inc. now owns 798,161 shares of the company’s stock worth $54,706,000 after buying an additional 460,593 shares in the last quarter. Curry Webb Wealth Management LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the first quarter worth $16,619,000. Finally, MW Advisory LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at $16,554,000.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.2%

Shares of Invesco Russell 1000 Dynamic Multifactor ETF stock opened at $71.62 on Tuesday. The company has a market cap of $6.15 billion, a PE ratio of 27.32 and a beta of 1.02. The company has a 50 day moving average of $70.51 and a 200-day moving average of $68.01. Invesco Russell 1000 Dynamic Multifactor ETF has a 1-year low of $57.12 and a 1-year high of $71.73.

About Invesco Russell 1000 Dynamic Multifactor ETF

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.