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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 12,933 shares, a growth of 83.5% from the February 12th total of 7,048 shares. Based on an average daily volume of 2,760 shares, the days-to-cover ratio is currently 4.7 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,760 shares, the days-to-cover ratio is currently 4.7 days.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.6%

QVML traded down $0.25 on Friday, hitting $38.98. 31,079 shares of the company’s stock traded hands, compared to its average volume of 8,173. The company’s 50 day simple moving average is $40.39 and its 200-day simple moving average is $39.80. Invesco S&P 500 QVM Multi-factor ETF has a one year low of $28.80 and a one year high of $41.06. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Several institutional investors and hedge funds have recently modified their holdings of QVML. Advisory Services Network LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at $114,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after buying an additional 963 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the 4th quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after buying an additional 3,886 shares during the last quarter. HRT Financial LP bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter worth about $233,000. Finally, Jane Street Group LLC raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after buying an additional 9,043 shares in the last quarter.

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.