Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) Shares Shorted: Short Interest Down 92.4% in October

Invesco International Developed Dynamic Multifactor ETF (BATS:IMFL) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 48,956 shares, a drop of 92.4% from the September 30th total of 641,303 shares. Based on an average daily volume of 44,889 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the shares of the company are sold short.

Invesco International Developed Dynamic Multifactor ETF Price Performance

Shares of IMFL opened at $33.44 on Tuesday. Invesco International Developed Dynamic Multifactor ETF has a 1 year low of $27.87 and a 1 year high of $36.28. The stock’s fifty day moving average price is $34.07 and its two-hundred day moving average price is $33.46. The firm has a market cap of $693.88 million, a PE ratio of 19.09 and a beta of 0.77.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new position in Invesco International Developed Dynamic Multifactor ETF during the third quarter valued at approximately $17,368,000. Simplicity Wealth LLC lifted its position in Invesco International Developed Dynamic Multifactor ETF by 11.8% in the 3rd quarter. Simplicity Wealth LLC now owns 16,220 shares of the company’s stock worth $542,000 after buying an additional 1,718 shares during the last quarter. Commonwealth Financial Services LLC bought a new stake in shares of Invesco International Developed Dynamic Multifactor ETF in the 3rd quarter worth approximately $14,429,000. Firethorn Wealth Partners LLC boosted its position in Invesco International Developed Dynamic Multifactor ETF by 129.8% during the third quarter. Firethorn Wealth Partners LLC now owns 69,601 shares of the company’s stock valued at $2,326,000 after buying an additional 39,317 shares during the period. Finally, Liberty Atlantic Advisors LLC grew its position in Invesco International Developed Dynamic Multifactor ETF by 38.5% during the 3rd quarter. Liberty Atlantic Advisors LLC now owns 18,494 shares of the company’s stock worth $618,000 after acquiring an additional 5,142 shares during the last quarter.

Invesco International Developed Dynamic Multifactor ETF Company Profile

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.