Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Sees Significant Increase in Short Interest

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 15,887 shares, a growth of 431.0% from the August 31st total of 2,992 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,901 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

An institutional investor recently bought a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 734 shares of the company’s stock, valued at approximately $26,000.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Performance

Shares of NYSEARCA:QVMM opened at $33.84 on Friday. The firm has a market capitalization of $412.51 million, a PE ratio of 18.37 and a beta of 0.99. Invesco S&P MidCap 400 QVM Multi-factor ETF has a 52-week low of $29.00 and a 52-week high of $36.71. The firm has a fifty day moving average of $35.34 and a 200 day moving average of $34.47.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

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.