Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Short Interest Up 1,154.7% in July

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

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at $114,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after buying an additional 963 shares during the last quarter. Osaic Holdings Inc. raised 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 in the last quarter. HRT Financial LP acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter worth $233,000. Finally, Jane Street Group LLC lifted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after purchasing an additional 9,043 shares during the last quarter.

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

Shares of QVML stock opened at $45.68 on Wednesday. Invesco S&P 500 QVM Multi-factor ETF has a fifty-two week low of $37.24 and a fifty-two week high of $46.16. The firm’s 50 day moving average price is $44.26 and its two-hundred day moving average price is $42.16. The stock has a market cap of $1.52 billion, a price-to-earnings 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.