Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Stock Short Interest Falls 94.0%

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 2,257 shares, a decrease of 94.0% from the September 30th total of 37,825 shares. Based on an average trading volume of 2,675 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 0.8%

Shares of QVMM stock traded up $0.27 during mid-day trading on Monday, reaching $34.03. The company’s stock had a trading volume of 3,212 shares, compared to its average volume of 2,568. The company’s 50 day simple moving average is $34.52 and its 200-day simple moving average is $34.07. 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. The firm has a market capitalization of $415.51 million, a PE ratio of 18.37 and a beta of 1.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF during the second quarter worth about $26,000. Fragasso Financial Advisors Inc purchased a new stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF in the third quarter worth about $705,000. Finally, Private Advisor Group LLC boosted its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 1.3% in the first 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.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

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.