Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Sees Significant Decrease in Short Interest

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 92,542 shares, a drop of 54.5% from the April 30th total of 203,416 shares. Based on an average daily volume of 133,727 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Several institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% in the first quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock worth $43,000 after acquiring an additional 160 shares in the last quarter. Defined Wealth Management LLC grew its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.5% in the first quarter. Defined Wealth Management LLC now owns 41,828 shares of the company’s stock worth $2,515,000 after acquiring an additional 217 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock worth $37,000 after acquiring an additional 258 shares in the last quarter. Axis Wealth Partners LLC grew its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.9% in the fourth quarter. Axis Wealth Partners LLC now owns 9,885 shares of the company’s stock worth $604,000 after acquiring an additional 276 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.7% in the third quarter. HighTower Advisors LLC now owns 40,645 shares of the company’s stock worth $2,449,000 after acquiring an additional 285 shares in the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

Invesco Russell 1000 Dynamic Multifactor ETF stock opened at $68.52 on Friday. Invesco Russell 1000 Dynamic Multifactor ETF has a fifty-two week low of $55.50 and a fifty-two week high of $68.87. The firm has a 50 day moving average price of $64.51 and a 200 day moving average price of $62.73. The company has a market capitalization of $5.88 billion, a PE ratio of 27.32 and a beta of 1.02.

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.