Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 17,829 shares, a drop of 40.6% from the August 31st total of 30,012 shares. Based on an average trading volume of 129,840 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance
Invesco Russell 1000 Dynamic Multifactor ETF stock opened at $69.85 on Friday. The company’s 50 day simple moving average is $70.21 and its 200-day simple moving average is $67.51. Invesco Russell 1000 Dynamic Multifactor ETF has a 1 year low of $57.12 and a 1 year high of $71.51. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02.
Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF
Several institutional investors have recently added to or reduced their stakes in OMFL. Envestnet Asset Management Inc. lifted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 136.4% during the second quarter. Envestnet Asset Management Inc. now owns 798,161 shares of the company’s stock worth $54,706,000 after purchasing an additional 460,593 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter worth $27,000. Talon Private Wealth LLC acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the second quarter valued at $203,000. Capital Analysts LLC grew its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2,756.2% in the second quarter. Capital Analysts LLC now owns 28,391 shares of the company’s stock valued at $1,946,000 after buying an additional 27,397 shares in the last quarter. Finally, Insight Wealth Partners LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at $871,000.
About Invesco Russell 1000 Dynamic Multifactor ETF
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.
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