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The Invesco Russell 2000 Dynamic Multifactor ETF (the Fund ) is based on the Russell 2000 OFI Dynamic Multifactor Index (the Index ). The Fund will invest at least 80% of its total assets in the securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights small-cap securities of the Russell 2000 Index according to economic cycles and market conditions, reflected by expansion, slowdown, contraction or recovery. The securities are assigned a multi-factor score from one of five investment styles: value, momentum, quality, low volatility and size. The Fund and Index are reconstituted and rebalanced based on economic indicator signal changes, as frequently as monthly.
Invesco Exchange-Traded Self-Indexed Trust Invesco Russell 2000 Dynamic Multifactor ETF trades on the BATS stock market under the symbol OMFS.
As of March 28, 2024, OMFS stock price climbed to $37.77 with 26,429 million shares trading.
OMFS has a beta of 1.00, meaning it tends to be less sensitive to market movements. OMFS has a correlation of 0.44 to the broad based SPY ETF.
OMFS has a market cap of $383.37 million. This is considered a Small Cap stock.
In the last 3 years, OMFS stock traded as high as $45.72 and as low as $31.51.
OMFS has underperformed the market in the last year with a return of +11.3%, while the SPY ETF gained +33.6%. In the last 3 month period, OMFS fell short of the market, returning -4.3%, while SPY returned +10.1%. However, in the most recent 2 weeks OMFS has outperformed the stock market by returning +4.0%, while SPY returned +1.7%.
OMFS support price is $36.96 and resistance is $38.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OMFS stock will trade within this expected range on the day.