Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Short Interest Down 97.2% in March

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 4 shares, a decline of 97.2% from the February 26th total of 141 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,077 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 1,077 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Invesco Bloomberg MVP Multi-factor ETF Price Performance

Shares of BMVP traded up $0.23 during mid-day trading on Wednesday, reaching $50.10. The company’s stock had a trading volume of 4,057 shares, compared to its average volume of 1,683. The company’s 50 day moving average is $51.59 and its 200 day moving average is $49.79. The stock has a market cap of $100.20 million, a PE ratio of 20.94 and a beta of 0.95. Invesco Bloomberg MVP Multi-factor ETF has a 12-month low of $42.01 and a 12-month high of $52.95.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Invesco Bloomberg MVP Multi-factor ETF during the second quarter worth approximately $70,000. Bank of America Corp DE grew its holdings in shares of Invesco Bloomberg MVP Multi-factor ETF by 559.3% during the second 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 last quarter. Jones Financial Companies Lllp increased its position in 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 valued at $216,000 after acquiring an additional 1,548 shares during the period. Truist Financial Corp purchased a new stake in Invesco Bloomberg MVP Multi-factor ETF during the 3rd quarter valued at approximately $309,000. Finally, Osaic Holdings Inc. raised its stake in Invesco Bloomberg MVP Multi-factor ETF by 86.2% during the 4th quarter. Osaic Holdings Inc. now owns 9,990 shares of the company’s stock valued at $488,000 after acquiring an additional 4,624 shares during the last quarter.

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.