Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Short Interest Update

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 78,635 shares, an increase of 1,154.7% from the July 15th total of 6,267 shares. Based on an average trading volume of 20,593 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QVML. Colonial River Investments LLC grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 98.8% during the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after buying an additional 103,688 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock valued at $8,377,000 after acquiring an additional 103,945 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the 4th quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after acquiring an additional 35,089 shares in the last quarter. Jane Street Group LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter worth $1,474,000. Finally, Bank of America Corp DE boosted its position in Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after purchasing an additional 10,191 shares during the period.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 0.3%

Shares of NYSEARCA QVML traded down $0.16 during trading on Tuesday, hitting $45.68. 14,620 shares of the company traded hands, compared to its average volume of 8,482. Invesco S&P 500 QVM Multi-factor ETF has a 1 year low of $37.24 and a 1 year high of $46.16. The company has a 50-day moving average price of $44.26 and a 200-day moving average price of $42.16. The firm has a market capitalization of $1.52 billion, a P/E ratio of 23.98 and a beta of 0.97.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.