Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Short Interest Update

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 2,398 shares, a decrease of 36.1% from the November 30th total of 3,751 shares. Based on an average trading volume of 1,859 shares, the short-interest ratio is currently 1.3 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,859 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Several large investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC increased its holdings in Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after purchasing an additional 1,338 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 64.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock worth $4,598,000 after purchasing an additional 49,018 shares during the period. Bank of America Corp DE raised its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after buying an additional 10,191 shares during the period. Jane Street Group LLC lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the first 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 during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after buying an additional 963 shares in the last quarter.

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

Shares of QVML traded up $0.04 during trading hours on Tuesday, hitting $40.45. 6,539 shares of the stock were exchanged, compared to its average volume of 14,081. The firm has a market capitalization of $1.49 billion, a P/E ratio of 23.98 and a beta of 0.97. The business has a 50-day moving average of $39.95 and a 200-day moving average of $38.57. Invesco S&P 500 QVM Multi-factor ETF has a fifty-two week low of $28.80 and a fifty-two week high of $40.68.

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.