Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Short Interest Update

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 49 shares, a drop of 70.8% from the July 30th total of 168 shares. Based on an average daily trading volume, of 887 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Invesco Bloomberg MVP Multi-factor ETF Stock Performance

Shares of NYSEARCA BMVP traded down $0.16 during trading hours on Friday, hitting $54.53. 398 shares of the stock were exchanged, compared to its average volume of 1,308. The company has a market cap of $106.33 million, a PE ratio of 20.94 and a beta of 0.89. The company’s fifty day simple moving average is $53.05 and its two-hundred day simple moving average is $51.95. Invesco Bloomberg MVP Multi-factor ETF has a 1-year low of $47.46 and a 1-year high of $55.18.

Hedge Funds Weigh In On Invesco Bloomberg MVP Multi-factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Washington Trust Advisors Inc. acquired a new position in shares of Invesco Bloomberg MVP Multi-factor ETF during the 2nd quarter worth $40,000. Raymond James Financial Inc. acquired a new stake in Invesco Bloomberg MVP Multi-factor ETF in the second quarter valued at about $70,000. Bank of America Corp DE boosted its stake in Invesco Bloomberg MVP Multi-factor ETF by 559.3% in the second quarter. Bank of America Corp DE now owns 1,978 shares of the company’s stock valued at $96,000 after buying an additional 1,678 shares in the last quarter. Evanson Financial LLC bought a new position in Invesco Bloomberg MVP Multi-factor ETF in the second quarter valued at about $309,000. Finally, Osaic Holdings Inc. grew its position in Invesco Bloomberg MVP Multi-factor ETF by 86.2% in the fourth quarter. Osaic Holdings Inc. now owns 9,990 shares of the company’s stock valued at $488,000 after acquiring an additional 4,624 shares during the last quarter.

About Invesco Bloomberg MVP Multi-factor ETF

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.