Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Sees Large Drop in Short Interest

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,595 shares, a drop of 71.5% from the June 30th total of 9,092 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,036 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF in the second quarter valued at approximately $226,000. LPL Financial LLC lifted its stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% during the fourth quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock valued at $922,000 after buying an additional 614 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF during the fourth quarter worth approximately $2,355,000.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Performance

Invesco S&P SmallCap 600 QVM Multi-factor ETF stock traded up $0.18 during midday trading on Monday, reaching $34.24. 683 shares of the company were exchanged, compared to its average volume of 1,464. The firm’s 50-day simple moving average is $33.58 and its 200-day simple moving average is $31.51. Invesco S&P SmallCap 600 QVM Multi-factor ETF has a 1 year low of $25.42 and a 1 year high of $35.21. The company has a market capitalization of $250.98 million, a price-to-earnings ratio of 16.36 and a beta of 1.00.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.