Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,595 shares, a drop of 71.5% from the June 30th total of 9,092 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,036 shares, the short-interest ratio is currently 0.6 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of QVMS. Captrust Financial Advisors acquired a new stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF in the fourth quarter valued at $2,355,000. Jane Street Group LLC acquired a new position in Invesco S&P SmallCap 600 QVM Multi-factor ETF during the 2nd quarter worth about $226,000. Finally, LPL Financial LLC lifted its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% during the 4th quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock worth $922,000 after acquiring an additional 614 shares in the last quarter.
Invesco S&P SmallCap 600 QVM Multi-factor ETF Trading Down 0.1%
Invesco S&P SmallCap 600 QVM Multi-factor ETF stock traded down $0.04 during trading on Friday, hitting $34.06. The company had a trading volume of 518 shares, compared to its average volume of 1,469. Invesco S&P SmallCap 600 QVM Multi-factor ETF has a 1-year low of $25.42 and a 1-year high of $35.21. The company’s 50 day simple moving average is $33.58 and its 200-day simple moving average is $31.49. The stock has a market cap of $249.66 million, a price-to-earnings ratio of 16.36 and a beta of 1.00.
About Invesco S&P SmallCap 600 QVM Multi-factor ETF
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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