Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 48,956 shares, a drop of 92.4% from the September 30th total of 641,303 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 44,889 shares, the short-interest ratio is currently 1.1 days.
Invesco International Developed Dynamic Multifactor ETF Price Performance
Shares of IMFL opened at $33.70 on Wednesday. Invesco International Developed Dynamic Multifactor ETF has a 12 month low of $27.87 and a 12 month high of $36.28. The stock has a fifty day moving average price of $34.05 and a 200 day moving average price of $33.48. The company has a market cap of $699.27 million, a P/E ratio of 19.09 and a beta of 0.77.
Hedge Funds Weigh In On Invesco International Developed Dynamic Multifactor ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Waycross Investment Management Co acquired a new stake in shares of Invesco International Developed Dynamic Multifactor ETF in the 2nd quarter worth about $25,489,000. Ashton Thomas Securities LLC bought a new stake in Invesco International Developed Dynamic Multifactor ETF in the 3rd quarter valued at about $17,368,000. Commonwealth Financial Services LLC bought a new stake in Invesco International Developed Dynamic Multifactor ETF in the 3rd quarter valued at about $14,429,000. Curry Webb Wealth Management LLC bought a new stake in Invesco International Developed Dynamic Multifactor ETF in the 1st quarter valued at about $6,311,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Invesco International Developed Dynamic Multifactor ETF during the 2nd quarter valued at about $6,192,000.
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.
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