Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Sees Significant Growth in Short Interest

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 14,078 shares, an increase of 122.2% from the October 15th total of 6,337 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 25,721 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Russell 2000 Dynamic Multifactor ETF Stock Performance

Shares of BATS:OMFS traded down $0.07 during trading on Friday, reaching $49.95. 5,223 shares of the stock were exchanged, compared to its average volume of 13,086. Invesco Russell 2000 Dynamic Multifactor ETF has a 12-month low of $40.69 and a 12-month high of $54.19. The firm has a market cap of $267.23 million, a price-to-earnings ratio of 17.14 and a beta of 1.00. The firm’s 50-day moving average price is $50.11 and its 200 day moving average price is $50.02.

Institutional Trading of Invesco Russell 2000 Dynamic Multifactor ETF

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in Invesco Russell 2000 Dynamic Multifactor ETF during the 3rd quarter valued at $23,944,000. Envestnet Asset Management Inc. increased its stake in Invesco Russell 2000 Dynamic Multifactor ETF by 621.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 166,998 shares of the company’s stock worth $8,908,000 after buying an additional 143,844 shares during the period. NewEdge Advisors LLC increased its stake 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 buying an additional 86,787 shares during the period. TD Waterhouse Canada Inc. acquired a new position in Invesco Russell 2000 Dynamic Multifactor ETF in the 2nd quarter worth $3,630,000. Finally, Citadel Advisors LLC acquired a new position in Invesco Russell 2000 Dynamic Multifactor ETF in the 2nd quarter worth $3,114,000.

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.