Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 78,635 shares, an increase of 1,154.7% from the July 15th total of 6,267 shares. Based on an average daily volume of 20,593 shares, the short-interest ratio is presently 3.8 days. Approximately 0.2% of the shares of the stock are sold short.
Invesco S&P 500 QVM Multi-factor ETF Stock Performance
Shares of QVML opened at $45.79 on Thursday. Invesco S&P 500 QVM Multi-factor ETF has a 52 week low of $37.24 and a 52 week high of $46.16. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The stock has a fifty day moving average of $44.29 and a 200-day moving average of $42.19.
Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF
A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth $114,000. Northwestern Mutual Wealth Management Co. lifted 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 period. Osaic Holdings Inc. boosted its position in Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after acquiring an additional 3,886 shares during the last quarter. HRT Financial LP bought a new stake in Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter valued at $233,000. Finally, Jane Street Group LLC grew its holdings in 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 worth $726,000 after acquiring an additional 9,043 shares during the period.
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.
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