Short Interest in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Rises By 1,154.7%

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 78,635 shares, an increase of 1,154.7% from the July 15th total of 6,267 shares. Based on an average daily trading volume, of 20,593 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.2% of the company’s stock are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after purchasing an additional 9,043 shares in the last quarter. Bank of America Corp DE grew its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after buying an additional 10,191 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the third 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. Advisory Services Network LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth $114,000. Finally, Colonial River Investments LLC increased its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after buying an additional 103,688 shares during the last quarter.

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

Invesco S&P 500 QVM Multi-factor ETF stock traded down $0.16 during midday trading on Tuesday, hitting $45.68. 14,620 shares of the company were exchanged, compared to its average volume of 8,482. The company’s fifty day moving average price is $44.26 and its 200-day moving average price is $42.16. The company has a market cap of $1.52 billion, a PE ratio of 23.98 and a beta of 0.97. Invesco S&P 500 QVM Multi-factor ETF has a fifty-two week low of $37.24 and a fifty-two week high of $46.16.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.