Short Interest in Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) Increases By 74.5%

Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 35,234 shares, a growth of 74.5% from the May 14th total of 20,192 shares. Based on an average daily volume of 29,771 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the shares of the company are short sold.

Invesco International Developed Dynamic Multifactor ETF Stock Up 0.8%

Shares of BATS IMFL traded up $0.28 during mid-day trading on Monday, hitting $34.88. 386 shares of the company were exchanged, compared to its average volume of 130,165. The stock has a 50 day simple moving average of $33.55 and a 200-day simple moving average of $32.16. Invesco International Developed Dynamic Multifactor ETF has a 1-year low of $26.29 and a 1-year high of $36.28. The firm has a market cap of $723.76 million, a price-to-earnings ratio of 19.09 and a beta of 0.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in Invesco International Developed Dynamic Multifactor ETF by 498.5% in the 3rd quarter. IFP Advisors Inc now owns 3,160 shares of the company’s stock valued at $87,000 after purchasing an additional 2,632 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Invesco International Developed Dynamic Multifactor ETF by 166.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,793 shares of the company’s stock worth $104,000 after buying an additional 2,372 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Invesco International Developed Dynamic Multifactor ETF by 58.1% during the 4th quarter. Osaic Holdings Inc. now owns 4,694 shares of the company’s stock worth $140,000 after buying an additional 1,725 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Invesco International Developed Dynamic Multifactor ETF in the 2nd quarter valued at approximately $135,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Invesco International Developed Dynamic Multifactor ETF in the 2nd quarter valued at approximately $191,000.

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.