Short Interest in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Declines By 54.5%

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) saw a significant decline in short interest in the month of 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 shares of the company are short sold. Based on an average daily trading volume, of 133,727 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC purchased a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the 1st quarter worth approximately $3,760,000. Western Wealth Management LLC increased its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 6.8% in the 1st quarter. Western Wealth Management LLC now owns 29,579 shares of the company’s stock worth $1,778,000 after acquiring an additional 1,889 shares in the last quarter. Ashton Thomas Securities LLC increased its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 4.3% in the 1st quarter. Ashton Thomas Securities LLC now owns 390,020 shares of the company’s stock worth $23,448,000 after acquiring an additional 16,008 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 10.3% in the 1st quarter. Arkadios Wealth Advisors now owns 697,082 shares of the company’s stock worth $41,909,000 after acquiring an additional 64,911 shares in the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the 1st quarter worth approximately $4,081,000.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

Shares of BATS OMFL opened at $68.52 on Monday. The firm has a 50 day moving average of $64.51 and a 200 day moving average of $62.75. The firm has a market capitalization 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 12-month low of $55.50 and a 12-month 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.