Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Sees Significant Decrease in Short Interest

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 92,542 shares, a decline of 54.5% from the April 30th total of 203,416 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 133,727 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the 1st quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock worth $43,000 after purchasing an additional 160 shares during the last quarter. Defined Wealth Management LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.5% during the 1st quarter. Defined Wealth Management LLC now owns 41,828 shares of the company’s stock worth $2,515,000 after purchasing an additional 217 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock worth $37,000 after purchasing an additional 258 shares during the last quarter. Axis Wealth Partners LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.9% during the 4th quarter. Axis Wealth Partners LLC now owns 9,885 shares of the company’s stock worth $604,000 after purchasing an additional 276 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 40,645 shares of the company’s stock worth $2,449,000 after purchasing an additional 285 shares during the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Down 0.2%

BATS:OMFL opened at $68.52 on Friday. The company has a fifty day simple moving average of $64.51 and a two-hundred day simple moving average of $62.73. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a 52 week low of $55.50 and a 52 week high of $68.87.

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.