Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Sees Large Decrease in Short Interest

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 700 shares, a decline of 36.4% from the June 30th total of 1,100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. LPL Financial LLC raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,267 shares of the company’s stock after acquiring an additional 1,629 shares during the period. LPL Financial LLC owned approximately 0.39% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $765,000 as of its most recent filing with the Securities & Exchange Commission.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Price Performance

Invesco S&P SmallCap 600 QVM Multi-factor ETF stock opened at $26.21 on Thursday. The stock has a market cap of $192.91 million, a price-to-earnings ratio of 16.36 and a beta of 0.96. The firm has a 50-day moving average of $25.71 and a two-hundred day moving average of $25.44. Invesco S&P SmallCap 600 QVM Multi-factor ETF has a 1 year low of $21.21 and a 1 year high of $29.90.

About Invesco S&P SmallCap 600 QVM Multi-factor ETF

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.