Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) Sees Large Growth in Short Interest

Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 641,303 shares, a growth of 2,773.7% from the September 15th total of 22,316 shares. Based on an average daily volume of 95,435 shares, the short-interest ratio is presently 6.7 days. Currently, 3.1% of the company’s shares are sold short.

Invesco International Developed Dynamic Multifactor ETF Price Performance

IMFL traded up $0.21 during trading hours on Friday, reaching $33.30. The company’s stock had a trading volume of 30,862 shares, compared to its average volume of 105,483. The stock has a market cap of $690.98 million, a PE ratio of 19.09 and a beta of 0.77. Invesco International Developed Dynamic Multifactor ETF has a fifty-two week low of $27.51 and a fifty-two week high of $36.28. The business’s 50-day moving average is $34.40 and its 200-day moving average is $33.83.

Institutional Trading of Invesco International Developed Dynamic Multifactor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. United Community Bank acquired a new position in shares of Invesco International Developed Dynamic Multifactor ETF in the second quarter valued at approximately $189,000. IFP Advisors Inc raised its position in Invesco International Developed Dynamic Multifactor ETF by 13.5% in the 2nd quarter. IFP Advisors Inc now owns 6,779 shares of the company’s stock valued at $233,000 after purchasing an additional 807 shares in the last quarter. Simplicity Wealth LLC boosted its stake in shares of Invesco International Developed Dynamic Multifactor ETF by 8.1% in the 1st quarter. Simplicity Wealth LLC now owns 9,448 shares of the company’s stock valued at $299,000 after buying an additional 707 shares during the period. Meridian Financial Advisors LLC purchased a new stake in shares of Invesco International Developed Dynamic Multifactor ETF during the first quarter worth approximately $377,000. Finally, Gill Capital Partners LLC purchased a new stake in shares of Invesco International Developed Dynamic Multifactor ETF during the second quarter worth approximately $413,000.

Invesco International Developed Dynamic Multifactor ETF Company Profile

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.