Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Stock Short Interest Falls 40.6%

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 17,829 shares, a drop of 40.6% from the August 31st total of 30,012 shares. Based on an average trading volume of 129,840 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

OMFL opened at $69.71 on Thursday. The stock has a market cap of $5.98 billion, a P/E ratio of 27.32 and a beta of 1.02. The stock’s 50 day simple moving average is $70.17 and its 200 day simple moving average is $67.45. Invesco Russell 1000 Dynamic Multifactor ETF has a 1-year low of $57.12 and a 1-year high of $71.51.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

A number of institutional investors have recently bought and sold shares of OMFL. Envestnet Asset Management Inc. increased its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 136.4% in the second quarter. Envestnet Asset Management Inc. now owns 798,161 shares of the company’s stock valued at $54,706,000 after buying an additional 460,593 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter worth about $27,000. Talon Private Wealth LLC acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at about $203,000. Capital Analysts LLC grew its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 2,756.2% in the 2nd quarter. Capital Analysts LLC now owns 28,391 shares of the company’s stock valued at $1,946,000 after acquiring an additional 27,397 shares during the last quarter. Finally, Insight Wealth Partners LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the 2nd quarter valued at about $871,000.

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.