Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP) Short Interest Up 57.1% in August

by · The Markets Daily

Invesco Bloomberg MVP Multi-factor ETF (NYSEARCA:BMVP – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 77 shares, a growth of 57.1% from the August 15th total of 49 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 688 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco Bloomberg MVP Multi-factor ETF

A number of hedge funds have recently added to or reduced their stakes in BMVP. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco Bloomberg MVP Multi-factor ETF by 7,071.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 88,350 shares of the company’s stock valued at $4,315,000 after acquiring an additional 87,118 shares during the period. Washington Trust Advisors Inc. acquired a new stake in shares of Invesco Bloomberg MVP Multi-factor ETF in the 2nd quarter worth about $40,000. Finally, Evanson Financial LLC acquired a new stake in shares of Invesco Bloomberg MVP Multi-factor ETF in the 2nd quarter worth about $309,000.

Invesco Bloomberg MVP Multi-factor ETF Price Performance

Shares of NYSEARCA BMVP traded up $0.21 during mid-day trading on Thursday, hitting $53.64. The company had a trading volume of 27 shares, compared to its average volume of 1,242. Invesco Bloomberg MVP Multi-factor ETF has a 12 month low of $47.46 and a 12 month high of $55.18. The stock has a market cap of $56.32 million, a price-to-earnings ratio of 20.94 and a beta of 0.89. The firm’s 50 day simple moving average is $53.78 and its two-hundred day simple moving average is $52.11.

About Invesco Bloomberg MVP Multi-factor ETF

(Get Free Report)

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.

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