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) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 762 shares, a decrease of 66.2% from the October 15th total of 2,257 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,761 shares, the days-to-cover ratio is presently 0.3 days.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Down 1.2%

Shares of NYSEARCA:QVMM opened at $34.69 on Friday. Invesco S&P MidCap 400 QVM Multi-factor ETF has a 52 week low of $29.00 and a 52 week high of $36.71. The firm has a fifty day simple moving average of $34.24 and a two-hundred day simple moving average of $34.21. The stock has a market capitalization of $423.56 million, a P/E ratio of 18.92 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF during the 3rd quarter valued at about $1,708,000. Municipal Employees Retirement System of Michigan purchased a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF in the third quarter worth about $398,185,000. Fragasso Financial Advisors Inc purchased a new stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF in the 3rd quarter worth approximately $705,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF during the second quarter worth $26,000.

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.