Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 641,303 shares, an increase of 2,773.7% from the September 15th total of 22,316 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 95,435 shares, the days-to-cover ratio is currently 6.7 days.
Institutional Investors Weigh In On Invesco International Developed Dynamic Multifactor ETF
Several institutional investors have recently bought and sold shares of IMFL. Envestnet Asset Management Inc. increased its position in shares of Invesco International Developed Dynamic Multifactor ETF by 287.1% during the second quarter. Envestnet Asset Management Inc. now owns 104,615 shares of the company’s stock worth $3,592,000 after purchasing an additional 77,588 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Invesco International Developed Dynamic Multifactor ETF during the second quarter worth about $6,192,000. IFP Advisors Inc boosted its position in Invesco International Developed Dynamic Multifactor ETF by 13.5% during the second quarter. IFP Advisors Inc now owns 6,779 shares of the company’s stock worth $233,000 after acquiring an additional 807 shares during the last quarter. Asset Allocation Strategies LLC grew its stake in Invesco International Developed Dynamic Multifactor ETF by 7.6% during the 2nd quarter. Asset Allocation Strategies LLC now owns 134,451 shares of the company’s stock valued at $4,617,000 after acquiring an additional 9,472 shares in the last quarter. Finally, United Community Bank acquired a new stake in Invesco International Developed Dynamic Multifactor ETF in the 2nd quarter valued at about $189,000.
Invesco International Developed Dynamic Multifactor ETF Stock Performance
Shares of Invesco International Developed Dynamic Multifactor ETF stock traded up $0.21 on Friday, hitting $33.30. The company’s stock had a trading volume of 30,862 shares, compared to its average volume of 105,483. Invesco International Developed Dynamic Multifactor ETF has a 1 year low of $27.51 and a 1 year high of $36.28. The firm has a fifty day moving average price of $34.40 and a 200-day moving average price of $33.83. The company has a market capitalization of $690.98 million, a price-to-earnings ratio of 19.09 and a beta of 0.77.
About Invesco International Developed Dynamic Multifactor ETF
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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