Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Short Interest Update

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,520 shares, a decline of 49.6% from the February 26th total of 12,933 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 15,863 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 1.7%

Shares of QVML stock traded down $0.65 during trading hours on Thursday, hitting $37.99. 9,708 shares of the company were exchanged, compared to its average volume of 7,417. The firm has a fifty day moving average of $40.09 and a 200 day moving average of $39.85. Invesco S&P 500 QVM Multi-factor ETF has a 1 year low of $28.80 and a 1 year high of $41.06. The firm has a market cap of $1.41 billion, a PE ratio of 23.98 and a beta of 0.97.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after buying an additional 9,043 shares during the period. Bank of America Corp DE raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after buying an additional 10,191 shares during the period. RPg Family Wealth Advisory LLC boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 0.9% in the third quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock valued at $5,868,000 after acquiring an additional 1,338 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after acquiring an additional 963 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at about $114,000.

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.