Short Interest in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Declines By 57.0%

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 19,094 shares, a decrease of 57.0% from the July 30th total of 44,395 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 120,918 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

A number of large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% during the first quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock worth $223,139,000 after acquiring an additional 931,158 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% in the 2nd quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock valued at $123,862,000 after purchasing an additional 573,361 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 2nd quarter valued at $21,157,000. Curry Webb Wealth Management LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 1st quarter valued at $16,619,000. Finally, MW Advisory LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter worth $16,554,000.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

Invesco Russell 1000 Dynamic Multifactor ETF stock opened at $70.90 on Monday. Invesco Russell 1000 Dynamic Multifactor ETF has a fifty-two week low of $57.12 and a fifty-two week high of $71.51. The stock has a market cap of $6.08 billion, a P/E ratio of 27.32 and a beta of 1.02. The firm’s fifty day moving average price is $69.48 and its 200-day moving average price is $66.26.

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.