Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Increase in Short Interest

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 5,632 shares, an increase of 134.9% from the December 15th total of 2,398 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 4,745 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 4,745 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of large investors have recently bought and sold shares of QVML. Jane Street Group LLC lifted its position in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after purchasing an additional 9,043 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in Invesco S&P 500 QVM Multi-factor ETF by 64.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock valued at $4,598,000 after purchasing an additional 49,018 shares in the last quarter. Private Trust Co. NA bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the second quarter valued at about $44,000. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after purchasing an additional 10,191 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC grew its position in Invesco S&P 500 QVM Multi-factor ETF by 0.9% in the third quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after buying an additional 1,338 shares during the last quarter.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.9%

NYSEARCA:QVML traded down $0.37 during mid-day trading on Wednesday, hitting $40.53. The company had a trading volume of 659 shares, compared to its average volume of 8,132. The business has a fifty day simple moving average of $40.06 and a 200-day simple moving average of $38.92. The firm has a market capitalization of $1.50 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 1 year low of $28.80 and a 1 year high of $40.92.

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.