Short Interest in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Decreases By 41.3%

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 54,361 shares, a decline of 41.3% from the May 14th total of 92,542 shares. Based on an average daily volume of 158,223 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the first quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock valued at $43,000 after purchasing an additional 160 shares during the last quarter. Defined Wealth Management LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 0.5% during the first quarter. Defined Wealth Management LLC now owns 41,828 shares of the company’s stock valued at $2,515,000 after purchasing an additional 217 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock valued at $37,000 after purchasing an additional 258 shares during the last quarter. Axis Wealth Partners LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 2.9% during the fourth quarter. Axis Wealth Partners LLC now owns 9,885 shares of the company’s stock valued at $604,000 after purchasing an additional 276 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 0.7% during the third quarter. HighTower Advisors LLC now owns 40,645 shares of the company’s stock valued at $2,449,000 after purchasing an additional 285 shares during the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

Shares of Invesco Russell 1000 Dynamic Multifactor ETF stock opened at $68.08 on Monday. Invesco Russell 1000 Dynamic Multifactor ETF has a 1 year low of $55.50 and a 1 year high of $69.03. The firm has a market cap of $5.84 billion, a PE ratio of 27.32 and a beta of 1.02. The company has a 50 day simple moving average of $66.07 and a two-hundred day simple moving average of $63.38.

Invesco Russell 1000 Dynamic Multifactor ETF Company Profile

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.