Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) was the target of a significant 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 trading volume, of 212,008 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are sold short.
Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF
An institutional investor recently raised its stake in Invesco S&P 500 QVM Multi-factor ETF stock. Axxcess Wealth Management LLC increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Free Report) by 99.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 208,499 shares of the company’s stock after purchasing an additional 103,945 shares during the quarter. Axxcess Wealth Management LLC owned approximately 0.56% of Invesco S&P 500 QVM Multi-factor ETF worth $8,377,000 as of its most recent SEC filing.
Invesco S&P 500 QVM Multi-factor ETF Stock Down 0.6%
NYSEARCA QVML traded down $0.25 on Monday, reaching $45.13. The company had a trading volume of 19,358 shares, compared to its average volume of 24,481. The company’s fifty day moving average is $44.99 and its 200 day moving average is $42.96. Invesco S&P 500 QVM Multi-factor ETF has a 52-week low of $37.24 and a 52-week high of $46.38. The stock has a market capitalization of $1.51 billion, a P/E ratio of 23.98 and a beta of 0.97.
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.
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