Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 15,887 shares, a growth of 431.0% from the August 31st total of 2,992 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 9,901 shares, the short-interest ratio is currently 1.6 days.
Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Down 0.5%
Shares of NYSEARCA:QVMM opened at $33.84 on Friday. The stock has a market capitalization of $412.51 million, a P/E ratio of 18.37 and a beta of 0.99. The stock’s 50-day moving average price is $35.34 and its 200-day moving average price is $34.47. Invesco S&P MidCap 400 QVM Multi-factor ETF has a 12-month low of $29.00 and a 12-month high of $36.71.
Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF
An institutional investor recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC lifted its position in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 52,811 shares of the company’s stock after purchasing an additional 671 shares during the period. Private Advisor Group LLC owned about 0.44% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,674,000 as of its most recent SEC filing.
About Invesco S&P MidCap 400 QVM Multi-factor ETF
The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.
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