Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Drop in Short Interest

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,267 shares, a decrease of 41.9% from the June 30th total of 10,794 shares. Based on an average daily volume of 6,614 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the shares of the stock are sold short.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 1.9%

NYSEARCA:QVML traded up $0.83 during trading hours on Thursday, reaching $44.06. 91,890 shares of the company’s stock were exchanged, compared to its average volume of 7,342. The company has a market capitalization of $1.47 billion, a P/E ratio of 23.98 and a beta of 0.97. Invesco S&P 500 QVM Multi-factor ETF has a 12 month low of $36.56 and a 12 month high of $44.81. The business’s 50-day simple moving average is $44.08 and its two-hundred day simple moving average is $41.85.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth $114,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after purchasing an additional 963 shares during the period. Osaic Holdings Inc. increased its stake in Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the 4th quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after purchasing an additional 3,886 shares in the last quarter. HRT Financial LP purchased a new position in Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter worth about $233,000. Finally, Jane Street Group LLC increased its stake in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after purchasing an additional 9,043 shares in the last quarter.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

The Invesco S&P 500 QVM Multi-factor ETF (QVML) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index that selects the top 90% of stocks in the S&P 500 based on three factors: quality, value, and momentum. QVML was launched on Jun 30, 2021 and is managed by Invesco.