Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Sees Large Increase in Short Interest

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVPGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 600 shares, a growth of 50.0% from the May 15th total of 400 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invesco Bloomberg MVP Multi-factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its position in shares of Invesco Bloomberg MVP Multi-factor ETF by 4.1% in the 1st quarter. LPL Financial LLC now owns 98,664 shares of the company’s stock worth $4,706,000 after purchasing an additional 3,902 shares during the last quarter. Royal Harbor Partners LLC bought a new stake in Invesco Bloomberg MVP Multi-factor ETF in the first quarter valued at about $7,864,000. Dale Q Rice Investment Management Ltd bought a new stake in Invesco Bloomberg MVP Multi-factor ETF in the first quarter valued at about $297,000. Ameriflex Group Inc. acquired a new stake in Invesco Bloomberg MVP Multi-factor ETF during the fourth quarter valued at approximately $47,000. Finally, Citadel Advisors LLC bought a new position in Invesco Bloomberg MVP Multi-factor ETF during the 4th quarter worth approximately $226,000.

Invesco Bloomberg MVP Multi-factor ETF Stock Performance

NYSEARCA:BMVP opened at $47.60 on Wednesday. The business’s 50-day simple moving average is $47.00 and its 200 day simple moving average is $47.54. Invesco Bloomberg MVP Multi-factor ETF has a one year low of $42.01 and a one year high of $50.90. The stock has a market cap of $109.96 million, a price-to-earnings ratio of 21.07 and a beta of 0.97.

Invesco Bloomberg MVP Multi-factor ETF Company Profile

(Get Free Report)

The Invesco Bloomberg MVP Multi-factor ETF (BMVP) is an exchange-traded fund that is based on the Bloomberg MVP index. The fund tracks an equally-weighted index of US large-cap securities, selected by their fundamental and technical characteristics. BMVP was launched on May 1, 2003 and is issued by Invesco.

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