Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,595 shares, a decline of 71.5% from the June 30th total of 9,092 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,036 shares, the days-to-cover ratio is presently 0.6 days.
Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Performance
QVMS stock remained flat at $34.24 during midday trading on Tuesday. The company’s stock had a trading volume of 683 shares, compared to its average volume of 1,464. The company has a market cap of $250.98 million, a P/E ratio of 16.36 and a beta of 1.00. The stock’s 50 day moving average is $33.64 and its two-hundred day moving average is $31.55. Invesco S&P SmallCap 600 QVM Multi-factor ETF has a 52-week low of $25.42 and a 52-week high of $35.21.
Hedge Funds Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF
A number of large investors have recently made changes to their positions in QVMS. Jane Street Group LLC bought a new stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF during the second quarter worth $226,000. LPL Financial LLC raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% in the fourth quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock valued at $922,000 after purchasing an additional 614 shares during the last quarter. Finally, Captrust Financial Advisors bought a new position in Invesco S&P SmallCap 600 QVM Multi-factor ETF in the fourth quarter valued at about $2,355,000.
Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile
The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.
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