Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,595 shares, a decline of 71.5% from the June 30th total of 9,092 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 4,036 shares, the short-interest ratio is presently 0.6 days.
Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Performance
Shares of QVMS stock traded down $0.04 during trading hours on Friday, reaching $34.06. The company had a trading volume of 518 shares, compared to its average volume of 1,469. Invesco S&P SmallCap 600 QVM Multi-factor ETF has a 12-month low of $25.42 and a 12-month high of $35.21. The company has a market capitalization of $249.66 million, a price-to-earnings ratio of 16.36 and a beta of 1.00. The stock has a fifty day moving average of $33.58 and a 200-day moving average of $31.49.
Hedge Funds Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QVMS. Jane Street Group LLC acquired a new stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF in the 2nd quarter worth $226,000. LPL Financial LLC raised its holdings in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% during the 4th quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock worth $922,000 after acquiring an additional 614 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF during the 4th quarter worth $2,355,000.
About Invesco S&P SmallCap 600 QVM Multi-factor ETF
The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.
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