Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Short Interest Up 103.4% in August

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 137,758 shares, a growth of 103.4% from the August 15th total of 67,727 shares. Based on an average daily volume of 212,008 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are short sold.

Invesco S&P 500 QVM Multi-factor ETF Price Performance

NYSEARCA QVML traded up $0.20 on Wednesday, hitting $45.06. 4,111 shares of the company’s stock were exchanged, compared to its average volume of 24,392. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The firm’s 50-day moving average price is $45.02 and its two-hundred day moving average price is $43.02. Invesco S&P 500 QVM Multi-factor ETF has a fifty-two week low of $37.24 and a fifty-two week high of $46.38.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco S&P 500 QVM Multi-factor ETF stock. Axxcess Wealth Management LLC raised its holdings in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) by 99.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208,499 shares of the company’s stock after acquiring an additional 103,945 shares during the quarter. Axxcess Wealth Management LLC owned 0.56% of Invesco S&P 500 QVM Multi-factor ETF worth $8,377,000 as of its most recent filing with the SEC.

About Invesco S&P 500 QVM Multi-factor ETF

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.