Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,257 shares, a decline of 94.0% from the September 30th total of 37,825 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,675 shares, the short-interest ratio is currently 0.8 days.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Fragasso Financial Advisors Inc purchased a new stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF during the 3rd quarter worth about $705,000. Integrated Wealth Concepts LLC acquired a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF during the 2nd quarter worth approximately $26,000. Finally, Private Advisor Group LLC increased its position in Invesco S&P MidCap 400 QVM Multi-factor ETF by 1.3% during the 1st quarter. Private Advisor Group LLC now owns 52,811 shares of the company’s stock worth $1,674,000 after purchasing an additional 671 shares in the last quarter.
Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Up 0.8%
Shares of NYSEARCA QVMM traded up $0.27 on Monday, reaching $34.03. 3,212 shares of the company traded hands, compared to its average volume of 2,568. Invesco S&P MidCap 400 QVM Multi-factor ETF has a fifty-two week low of $29.00 and a fifty-two week high of $36.71. The company has a 50 day moving average of $34.52 and a 200 day moving average of $34.07. The stock has a market capitalization of $415.51 million, a PE ratio of 18.37 and a beta of 1.00.
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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