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

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) saw a large growth in short interest in 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. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 143,096 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at approximately $29,000. Sound Income Strategies LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter valued at approximately $37,000. O Shaughnessy Asset Management LLC increased its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock worth $37,000 after purchasing an additional 258 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the 1st quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock worth $43,000 after purchasing an additional 160 shares during the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

Shares of BATS OMFL remained flat at $67.13 during midday trading on Wednesday. 6,769 shares of the stock were exchanged, compared to its average volume of 265,095. The stock has a fifty day simple moving average of $62.96 and a 200 day simple moving average of $62.05. The company has a market cap of $5.76 billion, a PE ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a 12 month low of $54.94 and a 12 month high of $67.57.

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.