Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Sees Large Increase in Short Interest

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 77 shares, a growth of 57.1% from the August 15th total of 49 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 688 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco Bloomberg MVP Multi-factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco Bloomberg MVP Multi-factor ETF by 7,071.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 88,350 shares of the company’s stock valued at $4,315,000 after buying an additional 87,118 shares in the last quarter. Evanson Financial LLC acquired a new stake in Invesco Bloomberg MVP Multi-factor ETF during the 2nd quarter worth $309,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Invesco Bloomberg MVP Multi-factor ETF in the second quarter valued at $40,000.

Invesco Bloomberg MVP Multi-factor ETF Price Performance

Invesco Bloomberg MVP Multi-factor ETF stock opened at $53.64 on Friday. Invesco Bloomberg MVP Multi-factor ETF has a 1-year low of $47.46 and a 1-year high of $55.18. The stock has a market cap of $56.32 million, a PE ratio of 20.94 and a beta of 0.89. The stock’s fifty day moving average is $53.82 and its two-hundred day moving average is $52.12.

About Invesco Bloomberg MVP Multi-factor ETF

The Invesco Bloomberg MVP Multi-factor ETF (BMVP) is an exchange-traded fund that is based on the Bloomberg MVP index. The fund tracks an equally-weighted index of US large-cap securities, selected by their fundamental and technical characteristics. BMVP was launched on May 1, 2003 and is issued by Invesco.