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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 45,179 shares, a decline 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 short sold.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.6%

Shares of QVML traded down $0.28 during midday trading on Monday, hitting $45.33. 36,325 shares of the company’s stock traded hands, compared to its average volume of 26,107. Invesco S&P 500 QVM Multi-factor ETF has a 1 year low of $37.24 and a 1 year high of $46.38. The firm’s fifty day moving average is $45.20 and its 200-day moving average is $43.36. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

About Invesco S&P 500 QVM Multi-factor ETF

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.