Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) Short Interest Update

Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 20,192 shares, a decline of 51.3% from the April 30th total of 41,482 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 123,862 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Firethorn Wealth Partners LLC lifted its position in Invesco International Developed Dynamic Multifactor ETF by 234.0% during the fourth quarter. Firethorn Wealth Partners LLC now owns 34,703 shares of the company’s stock valued at $1,034,000 after purchasing an additional 24,312 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Invesco International Developed Dynamic Multifactor ETF by 95.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 61,943 shares of the company’s stock worth $1,845,000 after acquiring an additional 30,294 shares during the period. Sowell Financial Services LLC raised its position in shares of Invesco International Developed Dynamic Multifactor ETF by 16.0% in the fourth quarter. Sowell Financial Services LLC now owns 16,425 shares of the company’s stock worth $489,000 after acquiring an additional 2,268 shares during the period. Signal Advisors Wealth LLC acquired a new position in shares of Invesco International Developed Dynamic Multifactor ETF in the fourth quarter worth about $362,000. Finally, IFP Advisors Inc raised its position in shares of Invesco International Developed Dynamic Multifactor ETF by 498.5% in the third quarter. IFP Advisors Inc now owns 3,160 shares of the company’s stock worth $87,000 after acquiring an additional 2,632 shares during the period.

Invesco International Developed Dynamic Multifactor ETF Price Performance

Shares of IMFL opened at $34.71 on Monday. The firm has a market capitalization of $720.23 million, a PE ratio of 19.09 and a beta of 0.77. The company’s fifty day moving average price is $32.95 and its 200-day moving average price is $31.76. Invesco International Developed Dynamic Multifactor ETF has a 1-year low of $26.29 and a 1-year high of $36.28.

About Invesco International Developed Dynamic Multifactor ETF

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.