Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 35,234 shares, an increase of 74.5% from the May 14th total of 20,192 shares. Based on an average daily trading volume, of 29,771 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Invesco International Developed Dynamic Multifactor ETF by 498.5% during the 3rd quarter. IFP Advisors Inc now owns 3,160 shares of the company’s stock worth $87,000 after purchasing an additional 2,632 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Invesco International Developed Dynamic Multifactor ETF by 166.9% in the third quarter. Jones Financial Companies Lllp now owns 3,793 shares of the company’s stock valued at $104,000 after purchasing an additional 2,372 shares in the last quarter. Osaic Holdings Inc. raised its stake in Invesco International Developed Dynamic Multifactor ETF by 58.1% in the fourth quarter. Osaic Holdings Inc. now owns 4,694 shares of the company’s stock valued at $140,000 after purchasing an additional 1,725 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Invesco International Developed Dynamic Multifactor ETF in the second quarter valued at about $135,000. Finally, Raymond James Financial Inc. acquired a new position in Invesco International Developed Dynamic Multifactor ETF in the second quarter valued at about $191,000.
Invesco International Developed Dynamic Multifactor ETF Price Performance
Shares of BATS IMFL opened at $34.80 on Wednesday. The stock’s fifty day moving average price is $33.67 and its two-hundred day moving average price is $32.25. Invesco International Developed Dynamic Multifactor ETF has a one year low of $26.29 and a one year high of $36.28. The firm has a market cap of $722.10 million, a price-to-earnings ratio of 19.09 and a beta of 0.77.
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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