Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Sees Significant Decline in Short Interest

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 92,542 shares, a decrease of 54.5% from the April 30th total of 203,416 shares. Based on an average daily volume of 133,727 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OMFL. Bank of New York Mellon Corp boosted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% in the first quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock valued at $223,139,000 after buying an additional 931,158 shares in the last quarter. Bank of America Corp DE grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% during the 2nd quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock worth $123,862,000 after acquiring an additional 573,361 shares during the last quarter. Corient Private Wealth LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter worth about $21,157,000. Matthew Goff Investment Advisor LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at about $16,394,000. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 270.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 211,989 shares of the company’s stock valued at $12,959,000 after purchasing an additional 154,698 shares in the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.1%

OMFL stock traded up $0.06 during mid-day trading on Tuesday, hitting $68.58. The stock had a trading volume of 169,793 shares, compared to its average volume of 252,348. The firm has a fifty day simple moving average of $64.66 and a 200 day simple moving average of $62.80. The firm has a market capitalization of $5.88 billion, a P/E ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a 52 week low of $55.50 and a 52 week high of $68.87.

Invesco Russell 1000 Dynamic Multifactor ETF Company Profile

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions. OMFL was launched on Nov 8, 2017 and is managed by Invesco.