Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Short Interest Down 62.7% in April

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 177 shares, a decline of 62.7% from the April 15th total of 474 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,621 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Bloomberg MVP Multi-factor ETF Price Performance

Shares of Invesco Bloomberg MVP Multi-factor ETF stock traded down $0.24 during midday trading on Friday, reaching $50.85. The company had a trading volume of 28 shares, compared to its average volume of 1,499. The stock has a fifty day moving average price of $50.80 and a 200 day moving average price of $50.35. The firm has a market cap of $100.17 million, a PE ratio of 20.94 and a beta of 0.91. Invesco Bloomberg MVP Multi-factor ETF has a fifty-two week low of $47.16 and a fifty-two week high of $52.95.

Hedge Funds Weigh In On Invesco Bloomberg MVP Multi-factor ETF

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco Bloomberg MVP Multi-factor ETF by 7,071.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 88,350 shares of the company’s stock valued at $4,315,000 after buying an additional 87,118 shares during the period. UBS Group AG lifted its stake in Invesco Bloomberg MVP Multi-factor ETF by 8.5% in the third quarter. UBS Group AG now owns 22,933 shares of the company’s stock valued at $1,124,000 after buying an additional 1,792 shares during the period. Osaic Holdings Inc. lifted its stake in Invesco Bloomberg MVP Multi-factor ETF by 86.2% in the fourth quarter. Osaic Holdings Inc. now owns 9,990 shares of the company’s stock valued at $488,000 after buying an additional 4,624 shares during the period. Truist Financial Corp acquired a new position in Invesco Bloomberg MVP Multi-factor ETF in the third quarter valued at approximately $309,000. Finally, Jones Financial Companies Lllp lifted its stake in Invesco Bloomberg MVP Multi-factor ETF by 53.7% in the third quarter. Jones Financial Companies Lllp now owns 4,429 shares of the company’s stock valued at $216,000 after buying an additional 1,548 shares during the period.

About Invesco Bloomberg MVP Multi-factor ETF

The Invesco Bloomberg MVP Multi-factor ETF (BMVP) is an exchange-traded fund that is based on the Bloomberg MVP index. The fund tracks an equally-weighted index of US large-cap securities, selected by their fundamental and technical characteristics. BMVP was launched on May 1, 2003 and is issued by Invesco.