Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Sees Significant Decrease in Short Interest

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

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HB Wealth Management LLC boosted its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 946.5% during the second quarter. HB Wealth Management LLC now owns 171,245 shares of the company’s stock worth $11,737,000 after buying an additional 154,881 shares in the last quarter. Asset Allocation Strategies LLC increased its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 3.0% in the second quarter. Asset Allocation Strategies LLC now owns 113,000 shares of the company’s stock valued at $7,745,000 after buying an additional 3,305 shares in the last quarter. Semitam Bonam LLC acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 2nd quarter valued at $2,536,000. MW Advisory LLC acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 2nd quarter valued at $16,554,000. Finally, Tassel Capital Management Inc. bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 2nd quarter worth $902,000.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Down 0.2%

Shares of BATS OMFL opened at $70.90 on Friday. Invesco Russell 1000 Dynamic Multifactor ETF has a twelve month low of $57.12 and a twelve month high of $71.51. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The firm has a 50-day moving average of $69.48 and a two-hundred day moving average of $66.24.

About Invesco Russell 1000 Dynamic Multifactor ETF

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.