Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 6,337 shares, a decline of 44.1% from the September 30th total of 11,329 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,642 shares, the days-to-cover ratio is currently 0.4 days.
Invesco Russell 2000 Dynamic Multifactor ETF Stock Down 1.5%
Invesco Russell 2000 Dynamic Multifactor ETF stock traded down $0.77 during mid-day trading on Friday, hitting $49.78. 148,943 shares of the company were exchanged, compared to its average volume of 13,370. The company has a market capitalization of $294.70 million, a PE ratio of 20.13 and a beta of 1.07. The business has a fifty day moving average of $50.66 and a 200 day moving average of $49.89. Invesco Russell 2000 Dynamic Multifactor ETF has a 1-year low of $40.69 and a 1-year high of $54.19.
Hedge Funds Weigh In On Invesco Russell 2000 Dynamic Multifactor ETF
Several institutional investors have recently added to or reduced their stakes in OMFS. Citadel Advisors LLC bought a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF in the second quarter valued at about $3,114,000. Allworth Financial LP grew its holdings in Invesco Russell 2000 Dynamic Multifactor ETF by 12,579.2% during the 2nd quarter. Allworth Financial LP now owns 25,612 shares of the company’s stock worth $1,366,000 after acquiring an additional 25,410 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Invesco Russell 2000 Dynamic Multifactor ETF by 1,735.7% during the 2nd quarter. NewEdge Advisors LLC now owns 91,787 shares of the company’s stock worth $4,896,000 after acquiring an additional 86,787 shares during the last quarter. Private Advisor Group LLC increased its position in Invesco Russell 2000 Dynamic Multifactor ETF by 133.6% in the 1st quarter. Private Advisor Group LLC now owns 19,920 shares of the company’s stock valued at $902,000 after acquiring an additional 11,391 shares in the last quarter. Finally, Tassel Capital Management Inc. acquired a new stake in Invesco Russell 2000 Dynamic Multifactor ETF in the 2nd quarter valued at about $1,060,000.
About Invesco Russell 2000 Dynamic Multifactor ETF
The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.
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