Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Growth in Short Interest

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 12,933 shares, an increase of 83.5% from the February 12th total of 7,048 shares. Based on an average daily volume of 2,760 shares, the days-to-cover ratio is currently 4.7 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,760 shares, the days-to-cover ratio is currently 4.7 days.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 1.3%

NYSEARCA QVML opened at $39.23 on Friday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. Invesco S&P 500 QVM Multi-factor ETF has a twelve month low of $28.80 and a twelve month high of $41.06. The stock has a fifty day simple moving average of $40.41 and a 200 day simple moving average of $39.80.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth about $114,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after acquiring an additional 963 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after acquiring an additional 3,886 shares during the last quarter. HRT Financial LP acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter valued at approximately $233,000. Finally, Jane Street Group LLC increased its position in Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after purchasing an additional 9,043 shares during the period.

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.