Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) Short Interest Update

Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 20,192 shares, a decline of 51.3% from the April 30th total of 41,482 shares. Based on an average daily volume of 123,862 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco International Developed Dynamic Multifactor ETF

Several institutional investors and hedge funds have recently bought and sold shares of IMFL. IFP Advisors Inc grew its holdings in Invesco International Developed Dynamic Multifactor ETF by 498.5% in the third quarter. IFP Advisors Inc now owns 3,160 shares of the company’s stock worth $87,000 after purchasing an additional 2,632 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Invesco International Developed Dynamic Multifactor ETF by 166.9% during the third quarter. Jones Financial Companies Lllp now owns 3,793 shares of the company’s stock valued at $104,000 after buying an additional 2,372 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Invesco International Developed Dynamic Multifactor ETF during the second quarter valued at $135,000. Osaic Holdings Inc. grew its holdings in shares of Invesco International Developed Dynamic Multifactor ETF by 58.1% during the fourth quarter. Osaic Holdings Inc. now owns 4,694 shares of the company’s stock valued at $140,000 after buying an additional 1,725 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco International Developed Dynamic Multifactor ETF during the second quarter valued at $191,000.

Invesco International Developed Dynamic Multifactor ETF Stock Performance

BATS IMFL opened at $34.71 on Monday. The firm’s fifty day simple moving average is $32.95 and its two-hundred day simple moving average is $31.76. Invesco International Developed Dynamic Multifactor ETF has a 12-month low of $26.29 and a 12-month high of $36.28. The firm has a market capitalization of $720.23 million, a P/E ratio of 19.09 and a beta of 0.77.

About Invesco International Developed Dynamic Multifactor ETF

The Invesco International Developed Dynamic Multifactor ETF (IMFL) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a developed market ex-US index that holds large- and some mid-cap equity securities based on multiple factors. Securities are selected depending on the stage in the economic cycle of the overall market. IMFL was launched on Feb 24, 2021 and is managed by Invesco.