Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 15,887 shares, an increase of 431.0% from the August 31st total of 2,992 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,901 shares, the days-to-cover ratio is presently 1.6 days.
Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 0.4%
Shares of NYSEARCA:QVMM traded up $0.12 on Friday, hitting $33.96. The company had a trading volume of 3,841 shares, compared to its average volume of 2,481. The firm’s 50-day simple moving average is $35.31 and its two-hundred day simple moving average is $34.46. 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. The firm has a market capitalization of $413.97 million, a price-to-earnings ratio of 18.37 and a beta of 0.99.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC boosted its position in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,811 shares of the company’s stock after purchasing an additional 671 shares during the quarter. Private Advisor Group LLC owned approximately 0.44% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,674,000 at the end of the most recent quarter.
About Invesco S&P MidCap 400 QVM Multi-factor ETF
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.
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