Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Stock Short Interest Declines 67.2%

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 45,179 shares, a decrease of 67.2% from the August 31st total of 137,758 shares. Based on an average daily volume of 30,770 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.1% of the company’s stock are sold short.

Invesco S&P 500 QVM Multi-factor ETF Price Performance

Shares of QVML stock traded up $0.27 on Friday, hitting $45.61. The company’s stock had a trading volume of 37,553 shares, compared to its average volume of 26,051. Invesco S&P 500 QVM Multi-factor ETF has a fifty-two week low of $37.24 and a fifty-two week high of $46.38. The firm’s fifty day moving average price is $45.18 and its 200-day moving average price is $43.29. The stock has a market capitalization of $1.66 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.