Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Stock Short Interest Climbs 897.7%

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 9,079 shares, a growth of 897.7% from the August 31st total of 910 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 10,320 shares, the days-to-cover ratio is presently 0.9 days.

Invesco Russell 2000 Dynamic Multifactor ETF Price Performance

OMFS stock traded up $0.06 during mid-day trading on Thursday, reaching $49.99. 8,487 shares of the company’s stock were exchanged, compared to its average volume of 12,509. The company has a market cap of $295.94 million, a price-to-earnings ratio of 20.13 and a beta of 1.07. The stock’s 50 day moving average is $52.51 and its 200 day moving average is $50.54. Invesco Russell 2000 Dynamic Multifactor ETF has a 12-month low of $40.69 and a 12-month high of $54.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OMFS. Envestnet Asset Management Inc. grew its stake in Invesco Russell 2000 Dynamic Multifactor ETF by 621.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 166,998 shares of the company’s stock valued at $8,908,000 after acquiring an additional 143,844 shares during the period. NewEdge Advisors LLC increased its holdings in Invesco Russell 2000 Dynamic Multifactor ETF by 1,735.7% in the 2nd quarter. NewEdge Advisors LLC now owns 91,787 shares of the company’s stock worth $4,896,000 after acquiring an additional 86,787 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in Invesco Russell 2000 Dynamic Multifactor ETF during the second quarter worth $3,630,000. Citadel Advisors LLC acquired a new position in Invesco Russell 2000 Dynamic Multifactor ETF during the second quarter worth $3,114,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Invesco Russell 2000 Dynamic Multifactor ETF during the second quarter valued at $2,866,000.

About Invesco Russell 2000 Dynamic Multifactor ETF

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.