Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 203,416 shares, a growth of 326.8% from the April 15th total of 47,658 shares. Based on an average daily volume of 143,096 shares, the short-interest ratio is currently 1.4 days. Currently, 0.2% of the shares of the stock are short sold.
Invesco Russell 1000 Dynamic Multifactor ETF Price Performance
Shares of OMFL remained flat at $67.13 during midday trading on Wednesday. The stock had a trading volume of 6,769 shares, compared to its average volume of 265,095. Invesco Russell 1000 Dynamic Multifactor ETF has a one year low of $54.94 and a one year high of $67.57. The company’s 50 day moving average price is $62.96 and its two-hundred day moving average price is $62.05. The company has a market cap of $5.76 billion, a PE ratio of 27.32 and a beta of 1.02.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC lifted its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 138.8% in the third quarter. Ashton Thomas Securities LLC now owns 362,846 shares of the company’s stock worth $21,868,000 after acquiring an additional 210,910 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 17.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 84,093 shares of the company’s stock valued at $5,067,000 after purchasing an additional 12,360 shares during the last quarter. Bank of New York Mellon Corp increased its position in Invesco Russell 1000 Dynamic Multifactor ETF by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,715,431 shares of the company’s stock worth $163,632,000 after purchasing an additional 34,893 shares in the last quarter. Sage Mountain Advisors LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the 3rd quarter worth approximately $7,363,000. Finally, Foguth Wealth Management LLC. bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 4th quarter valued at approximately $9,363,000.
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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