Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Sees Large Decrease in Short Interest

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 93 shares, a decline of 64.9% from the September 30th total of 265 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 575 shares, the short-interest ratio is currently 0.2 days.

Invesco Bloomberg MVP Multi-factor ETF Trading Up 1.0%

Shares of NYSEARCA BMVP traded up $0.54 during mid-day trading on Thursday, reaching $54.55. The company had a trading volume of 21 shares, compared to its average volume of 1,188. Invesco Bloomberg MVP Multi-factor ETF has a 1-year low of $47.57 and a 1-year high of $55.18. The company has a 50-day moving average price of $53.52 and a two-hundred day moving average price of $52.18. The stock has a market cap of $104.74 million, a PE ratio of 20.94 and a beta of 0.89.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BMVP. William Mack & Associates Inc. acquired a new position in Invesco Bloomberg MVP Multi-factor ETF during the third quarter worth $32,000. Washington Trust Advisors Inc. acquired a new stake in Invesco Bloomberg MVP Multi-factor ETF in the 2nd quarter valued at approximately $40,000. Finally, Evanson Financial LLC acquired a new position in shares of Invesco Bloomberg MVP Multi-factor ETF during the second quarter worth approximately $309,000.

Invesco Bloomberg MVP Multi-factor ETF Company Profile

The Invesco Bloomberg MVP Multi-factor ETF (BMVP) is an exchange-traded fund that is based on the Bloomberg MVP index. The fund tracks an equally-weighted index of US large-cap securities, selected by their fundamental and technical characteristics. BMVP was launched on May 1, 2003 and is issued by Invesco.