Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 37,825 shares, an increase of 138.1% from the September 15th total of 15,887 shares. Based on an average daily trading volume, of 5,069 shares, the days-to-cover ratio is presently 7.5 days. Approximately 0.3% of the company’s shares are short sold.
Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Down 1.3%
Shares of QVMM stock opened at $33.63 on Thursday. The firm has a market cap of $410.62 million, a price-to-earnings ratio of 18.37 and a beta of 1.00. The stock has a 50-day moving average price of $34.90 and a 200 day moving average price of $34.68. Invesco S&P MidCap 400 QVM Multi-factor ETF has a 12 month low of $29.00 and a 12 month high of $36.71.
Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF
A number of institutional investors have recently made changes to their positions in the business. Fragasso Financial Advisors Inc acquired a new stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF in the third quarter valued at approximately $705,000. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF in the second quarter valued at about $26,000. Finally, Private Advisor Group LLC increased 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.
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