Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 44,013 shares, a decline of 58.2% from the September 30th total of 105,371 shares. Based on an average daily volume of 32,418 shares, the short-interest ratio is presently 1.4 days. Currently, 0.1% of the company’s shares are short sold.
Invesco S&P 500 QVM Multi-factor ETF Stock Down 1.6%
NYSEARCA:QVML traded down $0.75 during mid-day trading on Friday, hitting $44.99. 10,065 shares of the stock traded hands, compared to its average volume of 27,377. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. 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 firm’s 50 day moving average is $45.48 and its two-hundred day moving average is $43.06.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Avestar Capital LLC bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at approximately $1,471,000. Center For Asset Management LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth approximately $358,000. ACT Advisors LLC. purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth approximately $247,000. Ascent Group LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $235,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $60,000.
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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