Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Short Interest Down 70.8% in August

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 49 shares, a decline of 70.8% from the July 30th total of 168 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 887 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco Bloomberg MVP Multi-factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Washington Trust Advisors Inc. acquired a new position in shares of Invesco Bloomberg MVP Multi-factor ETF in the 2nd quarter valued at $40,000. Raymond James Financial Inc. acquired a new stake in Invesco Bloomberg MVP Multi-factor ETF during the 2nd quarter worth about $70,000. Bank of America Corp DE raised its holdings in Invesco Bloomberg MVP Multi-factor ETF by 559.3% during the 2nd quarter. Bank of America Corp DE now owns 1,978 shares of the company’s stock worth $96,000 after buying an additional 1,678 shares during the period. UBS Group AG lifted its stake in Invesco Bloomberg MVP Multi-factor ETF by 8.5% during the third quarter. UBS Group AG now owns 22,933 shares of the company’s stock valued at $1,124,000 after buying an additional 1,792 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Invesco Bloomberg MVP Multi-factor ETF by 86.2% during the fourth quarter. Osaic Holdings Inc. now owns 9,990 shares of the company’s stock valued at $488,000 after buying an additional 4,624 shares in the last quarter.

Invesco Bloomberg MVP Multi-factor ETF Stock Performance

Shares of NYSEARCA BMVP traded down $0.16 during trading on Friday, hitting $54.53. The company had a trading volume of 398 shares, compared to its average volume of 1,308. Invesco Bloomberg MVP Multi-factor ETF has a 52 week low of $47.46 and a 52 week high of $55.18. The business’s 50-day moving average is $53.12 and its 200 day moving average is $51.97. The company has a market cap of $106.33 million, a P/E ratio of 20.94 and a beta of 0.89.

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.