Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 137,758 shares, an increase of 103.4% from the August 15th total of 67,727 shares. Based on an average daily volume of 212,008 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short.
Invesco S&P 500 QVM Multi-factor ETF Stock Performance
NYSEARCA QVML traded down $0.26 during mid-day trading on Tuesday, reaching $44.87. 29,329 shares of the stock were exchanged, compared to its average volume of 24,508. The company has a market capitalization of $1.50 billion, a P/E ratio of 23.98 and a beta of 0.97. The business’s 50 day moving average is $45.01 and its 200-day moving average is $42.99. Invesco S&P 500 QVM Multi-factor ETF has a 1 year low of $37.24 and a 1 year high of $46.38.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Invesco S&P 500 QVM Multi-factor ETF stock. Axxcess Wealth Management LLC lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Free Report) by 99.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,499 shares of the company’s stock after purchasing an additional 103,945 shares during the period. Axxcess Wealth Management LLC owned about 0.56% of Invesco S&P 500 QVM Multi-factor ETF worth $8,377,000 as of its most recent filing with the Securities & Exchange Commission.
Invesco S&P 500 QVM Multi-factor ETF Company Profile
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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