Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 762 shares, a decline of 66.2% from the October 15th total of 2,257 shares. Based on an average daily trading volume, of 2,761 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan purchased a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF during the 3rd quarter worth approximately $398,185,000. Private Advisor Group LLC purchased a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF during the third quarter valued at approximately $1,708,000. Fragasso Financial Advisors Inc purchased a new position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF during the 3rd quarter valued at approximately $705,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF in the second quarter worth about $26,000.
Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Down 1.2%
QVMM opened at $34.69 on Friday. Invesco S&P MidCap 400 QVM Multi-factor ETF has a 52-week low of $29.00 and a 52-week high of $36.71. The company has a market cap of $423.56 million, a P/E ratio of 18.92 and a beta of 1.00. The firm’s 50-day moving average price is $34.24 and its 200-day moving average price is $34.21.
About Invesco S&P MidCap 400 QVM Multi-factor ETF
The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.
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