Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 137,758 shares, a growth of 103.4% from the August 15th total of 67,727 shares. Based on an average daily trading volume, of 212,008 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold.
Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.6%
Shares of QVML stock traded down $0.25 during trading on Monday, hitting $45.13. The company’s stock had a trading volume of 19,358 shares, compared to its average volume of 24,481. The company has a market cap of $1.51 billion, a PE ratio of 23.98 and a beta of 0.97. The business has a fifty day moving average of $44.99 and a 200-day moving average of $42.96. Invesco S&P 500 QVM Multi-factor ETF has a 52 week low of $37.24 and a 52 week high of $46.38.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Invesco S&P 500 QVM Multi-factor ETF stock. Axxcess Wealth Management LLC grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Free Report) by 99.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 208,499 shares of the company’s stock after acquiring an additional 103,945 shares during the period. Axxcess Wealth Management LLC owned about 0.56% of Invesco S&P 500 QVM Multi-factor ETF worth $8,377,000 at the end of the most recent reporting period.
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.
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