Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 37,825 shares, a growth of 138.1% from the September 15th total of 15,887 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 5,069 shares, the days-to-cover ratio is currently 7.5 days.
Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Down 1.3%
Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF stock traded down $0.44 on Wednesday, reaching $33.63. The stock had a trading volume of 6,781 shares, compared to its average volume of 2,544. The company has a 50 day moving average price of $34.95 and a 200 day moving average price of $34.67. Invesco S&P MidCap 400 QVM Multi-factor ETF has a 1 year low of $29.00 and a 1 year high of $36.71. The stock has a market capitalization of $410.62 million, a P/E ratio of 18.37 and a beta of 1.00.
Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fragasso Financial Advisors Inc purchased a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF in the third quarter valued at approximately $705,000. Integrated Wealth Concepts LLC acquired a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF in the 2nd quarter worth approximately $26,000. Finally, Private Advisor Group LLC increased its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF by 1.3% in the 1st quarter. Private Advisor Group LLC now owns 52,811 shares of the company’s stock worth $1,674,000 after buying an additional 671 shares during the period.
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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