Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Sees Large Increase in Short Interest
by Sarita Garza · The Markets DailyInvesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP – Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 672 shares, an increase of 173.2% from the November 30th total of 246 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,535 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 1,535 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.
Invesco Bloomberg MVP Multi-factor ETF Stock Performance
Shares of NYSEARCA BMVP traded down $0.03 during mid-day trading on Friday, reaching $49.44. The company had a trading volume of 1,336 shares, compared to its average volume of 3,468. The company has a market capitalization of $102.34 million, a price-to-earnings ratio of 20.94 and a beta of 0.95. The stock has a fifty day moving average of $48.73 and a two-hundred day moving average of $48.53. Invesco Bloomberg MVP Multi-factor ETF has a 12-month low of $42.01 and a 12-month high of $50.00.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of BMVP. Atlantic Union Bankshares Corp bought a new stake in Invesco Bloomberg MVP Multi-factor ETF in the second quarter worth $39,000. Quaker Wealth Management LLC lifted its position in shares of Invesco Bloomberg MVP Multi-factor ETF by 200.4% in the second quarter. Quaker Wealth Management LLC now owns 717 shares of the company’s stock worth $35,000 after buying an additional 1,431 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco Bloomberg MVP Multi-factor ETF during the 2nd quarter worth about $70,000. Jones Financial Companies Lllp boosted its stake in shares of Invesco Bloomberg MVP Multi-factor ETF by 53.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,429 shares of the company’s stock worth $216,000 after acquiring an additional 1,548 shares in the last quarter. Finally, Bank of America Corp DE increased 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 acquiring an additional 1,678 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.