Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,257 shares, a decline of 94.0% from the September 30th total of 37,825 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,675 shares, the short-interest ratio is currently 0.8 days.
Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Performance
Shares of NYSEARCA:QVMM traded down $0.04 on Tuesday, hitting $33.99. 3,212 shares of the company’s stock were exchanged, compared to its average volume of 2,568. The firm’s 50-day moving average is $34.52 and its 200 day moving average is $34.07. The company has a market capitalization of $415.02 million, a PE ratio of 18.37 and a beta of 1.00. 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.
Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF
Several institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF by 1.3% during the 1st quarter. Private Advisor Group LLC now owns 52,811 shares of the company’s stock worth $1,674,000 after acquiring an additional 671 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF in the second quarter valued at $26,000. Finally, Fragasso Financial Advisors Inc acquired a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF in the third quarter valued at $705,000.
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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