Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) Shares Shorted: Short Interest Down 92.4% in October

Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 48,956 shares, a decline 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 days-to-cover ratio is currently 1.1 days.

Invesco International Developed Dynamic Multifactor ETF Stock Performance

Shares of IMFL traded up $0.15 during trading hours on Monday, hitting $33.44. The stock had a trading volume of 38,546 shares, compared to its average volume of 102,951. The firm has a 50-day moving average price of $34.10 and a 200 day moving average price of $33.98. Invesco International Developed Dynamic Multifactor ETF has a fifty-two week low of $27.87 and a fifty-two week high of $36.28. The firm has a market capitalization of $693.88 million, a price-to-earnings ratio of 19.09 and a beta of 0.77.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Waycross Investment Management Co purchased a new stake in shares of Invesco International Developed Dynamic Multifactor ETF in the second quarter valued at approximately $25,489,000. Private Advisor Group LLC lifted its position in shares of Invesco International Developed Dynamic Multifactor ETF by 22.3% in the first quarter. Private Advisor Group LLC now owns 457,060 shares of the company’s stock valued at $14,461,000 after acquiring an additional 83,423 shares in the last quarter. Commonwealth Financial Services LLC acquired a new stake in Invesco International Developed Dynamic Multifactor ETF during the 3rd quarter worth $14,429,000. Concurrent Investment Advisors LLC raised its holdings in Invesco International Developed Dynamic Multifactor ETF by 40.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 419,152 shares of the company’s stock valued at $14,394,000 after acquiring an additional 121,587 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Invesco International Developed Dynamic Multifactor ETF by 6.7% in the first quarter. Geneos Wealth Management Inc. now owns 374,081 shares of the company’s stock valued at $11,836,000 after purchasing an additional 23,513 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.