Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Sees Significant Decline in Short Interest

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,257 shares, a decrease of 94.0% from the September 30th total of 37,825 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,675 shares, the days-to-cover ratio is currently 0.8 days.

Invesco S&P MidCap 400 QVM Multi-factor ETF Price Performance

QVMM traded down $0.06 during trading on Wednesday, hitting $34.09. The company had a trading volume of 3,235 shares, compared to its average volume of 2,572. The company has a market cap of $416.25 million, a PE ratio of 18.37 and a beta of 1.00. The business has a 50-day moving average of $34.47 and a 200-day moving average of $34.08. Invesco S&P MidCap 400 QVM Multi-factor ETF has a 1-year low of $29.00 and a 1-year high of $36.71.

Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of QVMM. Fragasso Financial Advisors Inc bought a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF during the third quarter worth $705,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF during the second quarter worth $26,000. Finally, Private Advisor Group LLC raised its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 1.3% during the first quarter. Private Advisor Group LLC now owns 52,811 shares of the company’s stock worth $1,674,000 after purchasing an additional 671 shares during the period.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.