Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Stock Short Interest Drops 44.1%

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 6,337 shares, a decline of 44.1% from the September 30th total of 11,329 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 15,642 shares, the short-interest ratio is presently 0.4 days.

Invesco Russell 2000 Dynamic Multifactor ETF Trading Up 0.5%

BATS:OMFS opened at $50.05 on Tuesday. The stock has a fifty day moving average price of $50.60 and a 200 day moving average price of $49.90. The firm has a market cap of $296.30 million, a PE ratio of 20.13 and a beta of 1.07. Invesco Russell 2000 Dynamic Multifactor ETF has a 12-month low of $40.69 and a 12-month high of $54.19.

Institutional Investors Weigh In On Invesco Russell 2000 Dynamic Multifactor ETF

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 621.2% in the second quarter. Envestnet Asset Management Inc. now owns 166,998 shares of the company’s stock valued at $8,908,000 after purchasing an additional 143,844 shares during the period. NewEdge Advisors LLC grew its position in Invesco Russell 2000 Dynamic Multifactor ETF by 1,735.7% during the second quarter. NewEdge Advisors LLC now owns 91,787 shares of the company’s stock worth $4,896,000 after buying an additional 86,787 shares during the period. TD Waterhouse Canada Inc. purchased a new position in Invesco Russell 2000 Dynamic Multifactor ETF in the 2nd quarter valued at approximately $3,630,000. Citadel Advisors LLC acquired a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the 2nd quarter worth $3,114,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF in the second quarter valued at about $2,866,000.

Invesco Russell 2000 Dynamic Multifactor ETF Company Profile

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.