Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Sees Large Decrease in Short Interest

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 700 shares, a decline of 36.4% from the June 30th total of 1,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 0.7 days.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Trading Down 0.7%

Shares of NYSEARCA:QVMS opened at $26.21 on Thursday. The firm has a market cap of $192.91 million, a price-to-earnings ratio of 16.36 and a beta of 0.96. Invesco S&P SmallCap 600 QVM Multi-factor ETF has a 1 year low of $21.21 and a 1 year high of $29.90. The business has a fifty day simple moving average of $25.71 and a 200 day simple moving average of $25.44.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

A hedge fund recently raised its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. LPL Financial LLC lifted its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,267 shares of the company’s stock after buying an additional 1,629 shares during the quarter. LPL Financial LLC owned about 0.39% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

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.