Short Interest in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Declines By 41.9%

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 6,267 shares, a decrease of 41.9% from the June 30th total of 10,794 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,614 shares, the short-interest ratio is presently 0.9 days.

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

NYSEARCA QVML opened at $43.93 on Wednesday. The firm has a 50 day simple moving average of $44.09 and a 200-day simple moving average of $41.83. Invesco S&P 500 QVM Multi-factor ETF has a one year low of $36.56 and a one year high of $44.81. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Colonial River Investments LLC increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 98.8% during the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after acquiring an additional 103,688 shares during the period. Axxcess Wealth Management LLC boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 99.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock valued at $8,377,000 after purchasing an additional 103,945 shares during the period. LPL Financial LLC boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 80.8% in the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after purchasing an additional 35,089 shares during the period. Jane Street Group LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter worth $1,474,000. Finally, Bank of America Corp DE increased its holdings in Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after purchasing an additional 10,191 shares during the period.

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.