Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 9,092 shares, a growth of 419.2% from the June 15th total of 1,751 shares. Based on an average daily trading volume, of 5,707 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the company’s shares are sold short.
Hedge Funds Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF
Large investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% during the fourth quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock valued at $922,000 after purchasing an additional 614 shares during the period. Jane Street Group LLC bought a new stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF during the 2nd quarter valued at $226,000. Finally, Captrust Financial Advisors bought a new stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF during the 4th quarter valued at $2,355,000.
Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Down 0.5%
Shares of QVMS traded down $0.18 during trading hours on Monday, hitting $34.10. The company had a trading volume of 2,877 shares, compared to its average volume of 1,499. Invesco S&P SmallCap 600 QVM Multi-factor ETF has a 52-week low of $25.42 and a 52-week high of $35.21. The stock’s 50 day moving average price is $33.14 and its 200 day moving average price is $31.12. The firm has a market cap of $249.95 million, a P/E ratio of 16.36 and a beta of 1.00.
Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile
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.
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