Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 44,013 shares, a drop of 58.2% from the September 30th total of 105,371 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 32,418 shares, the days-to-cover ratio is presently 1.4 days.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Avestar Capital LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth $1,471,000. Center For Asset Management LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter worth $358,000. ACT Advisors LLC. acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter worth $247,000. Ascent Group LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth about $235,000. Finally, Richardson Financial Services Inc. bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth about $60,000.
Invesco S&P 500 QVM Multi-factor ETF Price Performance
NYSEARCA:QVML opened at $44.99 on Friday. The business’s 50-day simple moving average is $45.48 and its 200-day simple moving average is $43.06. Invesco S&P 500 QVM Multi-factor ETF has a fifty-two week low of $37.24 and a fifty-two week high of $46.38. The stock has a market capitalization of $1.70 billion, a PE ratio of 23.98 and a beta of 0.97.
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.
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