Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Stock Short Interest Report for October

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the recipient of a significant drop in short interest during 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. Based on an average daily volume of 32,418 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the company’s stock are sold short.

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

A number of hedge funds have recently bought and sold shares of the company. Avestar Capital LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at about $1,471,000. Center For Asset Management LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth about $358,000. Finally, ACT Advisors LLC. purchased a new position in Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth about $247,000.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 1.6%

Invesco S&P 500 QVM Multi-factor ETF stock traded down $0.75 during mid-day trading on Friday, hitting $44.99. The company had a trading volume of 10,065 shares, compared to its average volume of 27,377. Invesco S&P 500 QVM Multi-factor ETF has a 12 month low of $37.24 and a 12 month high of $46.38. The company has a market capitalization of $1.70 billion, a PE ratio of 23.98 and a beta of 0.97. The stock’s 50 day moving average price is $45.48 and its two-hundred day moving average price is $43.04.

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.