Short Interest in Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) Increases By 74.5%

Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 35,234 shares, an increase of 74.5% from the May 14th total of 20,192 shares. Based on an average trading volume of 29,771 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the shares of the stock are short sold.

Invesco International Developed Dynamic Multifactor ETF Price Performance

Shares of BATS IMFL traded up $0.28 during trading on Monday, hitting $34.88. 386 shares of the company were exchanged, compared to its average volume of 130,165. Invesco International Developed Dynamic Multifactor ETF has a 1 year low of $26.29 and a 1 year high of $36.28. The company has a market cap of $723.76 million, a price-to-earnings ratio of 19.09 and a beta of 0.77. The firm’s fifty day moving average price is $33.55 and its 200 day moving average price is $32.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Firethorn Wealth Partners LLC boosted its position in Invesco International Developed Dynamic Multifactor ETF by 234.0% during the fourth quarter. Firethorn Wealth Partners LLC now owns 34,703 shares of the company’s stock worth $1,034,000 after purchasing an additional 24,312 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Invesco International Developed Dynamic Multifactor ETF by 95.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 61,943 shares of the company’s stock valued at $1,845,000 after buying an additional 30,294 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Invesco International Developed Dynamic Multifactor ETF by 3.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 350,568 shares of the company’s stock worth $10,443,000 after buying an additional 11,544 shares during the last quarter. Sowell Financial Services LLC raised its stake in shares of Invesco International Developed Dynamic Multifactor ETF by 16.0% during the 4th quarter. Sowell Financial Services LLC now owns 16,425 shares of the company’s stock worth $489,000 after buying an additional 2,268 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Invesco International Developed Dynamic Multifactor ETF by 498.5% in the 3rd quarter. IFP Advisors Inc now owns 3,160 shares of the company’s stock worth $87,000 after buying an additional 2,632 shares in the last quarter.

Invesco International Developed Dynamic Multifactor ETF Company Profile

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.