Short Interest in Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Drops By 77.5%

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 172 shares, a decrease of 77.5% from the December 31st total of 764 shares. Based on an average daily volume of 3,072 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,072 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Bloomberg MVP Multi-factor ETF Stock Up 0.2%

Shares of BMVP traded up $0.12 during trading hours on Thursday, reaching $50.92. 3,660 shares of the company traded hands, compared to its average volume of 2,624. Invesco Bloomberg MVP Multi-factor ETF has a 12 month low of $42.01 and a 12 month high of $51.43. The company’s fifty day moving average price is $49.73 and its two-hundred day moving average price is $48.92. The company has a market capitalization of $101.84 million, a price-to-earnings ratio of 20.94 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Quaker Wealth Management LLC lifted its stake in shares of Invesco Bloomberg MVP Multi-factor ETF by 200.4% in the 2nd quarter. Quaker Wealth Management LLC now owns 717 shares of the company’s stock valued at $35,000 after purchasing an additional 1,431 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Invesco Bloomberg MVP Multi-factor ETF during the second quarter valued at $39,000. Raymond James Financial Inc. bought a new stake in shares of Invesco Bloomberg MVP Multi-factor ETF during the 2nd quarter valued at $70,000. Bank of America Corp DE boosted its holdings in shares of 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 valued at $96,000 after buying an additional 1,678 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Invesco Bloomberg MVP Multi-factor ETF by 53.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,429 shares of the company’s stock worth $216,000 after buying an additional 1,548 shares during the period.

Invesco Bloomberg MVP Multi-factor ETF Company Profile

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.