Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Stock Short Interest Declines 67.2%

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 45,179 shares, a drop of 67.2% from the August 31st total of 137,758 shares. Based on an average trading volume of 30,770 shares, the short-interest ratio is presently 1.5 days. Currently, 0.1% of the shares of the company are short sold.

Invesco S&P 500 QVM Multi-factor ETF Stock Performance

Shares of NYSEARCA QVML traded down $0.12 during midday trading on Tuesday, reaching $45.21. The stock had a trading volume of 18,212 shares, compared to its average volume of 26,034. The stock has a 50-day moving average of $45.20 and a 200-day moving average of $43.36. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. Invesco S&P 500 QVM Multi-factor ETF has a 12-month low of $37.24 and a 12-month high of $46.38.

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.