Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Sees Large Increase in Short Interest

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 9,079 shares, a growth of 897.7% from the August 31st total of 910 shares. Based on an average daily volume of 10,320 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OMFS. First Command Advisory Services Inc. raised its position in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 2.0% in the 4th quarter. First Command Advisory Services Inc. now owns 478,524 shares of the company’s stock worth $21,280,000 after acquiring an additional 9,223 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco Russell 2000 Dynamic Multifactor ETF by 621.2% in the second quarter. Envestnet Asset Management Inc. now owns 166,998 shares of the company’s stock valued at $8,908,000 after purchasing an additional 143,844 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Invesco Russell 2000 Dynamic Multifactor ETF by 1,735.7% in the second quarter. NewEdge Advisors LLC now owns 91,787 shares of the company’s stock worth $4,896,000 after purchasing an additional 86,787 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Invesco Russell 2000 Dynamic Multifactor ETF in the second quarter worth about $3,630,000. Finally, Citadel Advisors LLC bought a new position in Invesco Russell 2000 Dynamic Multifactor ETF in the second quarter worth about $3,114,000.

Invesco Russell 2000 Dynamic Multifactor ETF Stock Up 0.1%

Shares of BATS OMFS traded up $0.06 during midday trading on Thursday, reaching $49.99. 8,487 shares of the company’s stock traded hands, compared to its average volume of 12,509. The company has a market cap of $295.94 million, a price-to-earnings ratio of 20.13 and a beta of 1.07. The stock’s 50 day simple moving average is $52.51 and its 200-day simple moving average is $50.54. Invesco Russell 2000 Dynamic Multifactor ETF has a one year low of $40.69 and a one year high of $54.19.

Invesco Russell 2000 Dynamic Multifactor ETF Company Profile

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.