Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Stock Short Interest Report for October

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 44,013 shares, a decrease of 58.2% from the September 30th total of 105,371 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 32,418 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Avestar Capital LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter worth about $1,471,000. Center For Asset Management LLC bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter worth about $358,000. Finally, ACT Advisors LLC. purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at about $247,000.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 1.6%

Shares of QVML traded down $0.75 during mid-day trading on Friday, hitting $44.99. 10,065 shares of the company’s stock traded hands, compared to its average volume of 27,377. The firm has a market capitalization of $1.70 billion, a P/E ratio of 23.98 and a beta of 0.97. The business’s 50-day moving average price is $45.48 and its 200-day moving average price is $43.04. Invesco S&P 500 QVM Multi-factor ETF has a 1 year low of $37.24 and a 1 year high of $46.38.

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.