Short Interest in Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Declines By 81.8%

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 4 shares, a drop of 81.8% from the June 15th total of 22 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 691 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Invesco Bloomberg MVP Multi-factor ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco Bloomberg MVP Multi-factor ETF by 7,071.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 88,350 shares of the company’s stock worth $4,315,000 after purchasing an additional 87,118 shares during the period. Evanson Financial LLC acquired a new position in shares of Invesco Bloomberg MVP Multi-factor ETF in the 2nd quarter valued at about $309,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Bloomberg MVP Multi-factor ETF during the 2nd quarter worth about $70,000. Bank of America Corp DE grew its holdings in shares of Invesco Bloomberg MVP Multi-factor ETF by 559.3% during the 2nd quarter. Bank of America Corp DE now owns 1,978 shares of the company’s stock worth $96,000 after purchasing an additional 1,678 shares during the period. Finally, UBS Group AG grew its holdings in shares of Invesco Bloomberg MVP Multi-factor ETF by 8.5% during the 3rd quarter. UBS Group AG now owns 22,933 shares of the company’s stock worth $1,124,000 after purchasing an additional 1,792 shares during the period.

Invesco Bloomberg MVP Multi-factor ETF Stock Up 0.6%

Shares of NYSEARCA BMVP traded up $0.33 during trading on Friday, hitting $52.16. 632 shares of the company traded hands, compared to its average volume of 1,398. The firm has a market capitalization of $101.71 million, a P/E ratio of 20.94 and a beta of 0.89. The company has a 50-day moving average price of $51.48 and a 200-day moving average price of $51.16. Invesco Bloomberg MVP Multi-factor ETF has a 1 year low of $47.44 and a 1 year high of $52.95.

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.