Short Interest in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Declines By 41.9%

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the recipient of a significant decrease in short interest in 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 trading volume, of 6,614 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s stock are short sold.

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

A number of hedge funds and other institutional investors have recently modified their holdings of QVML. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth $114,000. Northwestern Mutual Wealth Management Co. increased 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 buying an additional 963 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after buying an additional 3,886 shares during the last quarter. HRT Financial LP acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter valued at $233,000. Finally, Jane Street Group LLC raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first 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 in the last quarter.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.1%

Shares of Invesco S&P 500 QVM Multi-factor ETF stock opened at $43.93 on Wednesday. Invesco S&P 500 QVM Multi-factor ETF has a 52-week low of $36.56 and a 52-week high of $44.81. The company has a 50 day moving average of $44.09 and a 200 day moving average of $41.83. 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 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.