Short Interest in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Decreases By 41.3%

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 54,361 shares, a drop of 41.3% from the May 14th total of 92,542 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 158,223 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Several large investors have recently modified their holdings of OMFL. Bank of New York Mellon Corp increased its stake in shares of 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 worth $223,139,000 after purchasing an additional 931,158 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% in the second quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock worth $123,862,000 after purchasing an additional 573,361 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the second quarter worth about $21,157,000. Curry Webb Wealth Management LLC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter worth about $16,619,000. Finally, Matthew Goff Investment Advisor LLC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter worth about $16,394,000.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

OMFL opened at $68.08 on Monday. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The firm has a 50-day moving average price of $66.07 and a 200-day moving average price of $63.38. Invesco Russell 1000 Dynamic Multifactor ETF has a twelve month low of $55.50 and a twelve month high of $69.03.

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.