Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Short Interest Update

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 203,416 shares, a growth of 326.8% from the April 15th total of 47,658 shares. Based on an average daily volume of 143,096 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

Hedge funds have recently added to or reduced their stakes in the business. Bollard Group LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter worth $92,000. Parallel Advisors LLC increased its holdings in shares of 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 period. Frazier Financial Advisors LLC raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 5,769.2% during the first quarter. Frazier Financial Advisors LLC now owns 763 shares of the company’s stock valued at $46,000 after purchasing an additional 750 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% during the first quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock valued at $223,139,000 after purchasing an additional 931,158 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 19.5% in the first quarter. Sanctuary Advisors LLC now owns 20,243 shares of the company’s stock worth $1,217,000 after purchasing an additional 3,309 shares during the period.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.4%

OMFL opened at $67.73 on Friday. The business’s 50 day moving average is $63.15 and its 200-day moving average is $62.16. The stock has a market cap of $5.81 billion, a PE ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a twelve month low of $54.94 and a twelve month high of $67.92.

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.