Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Large Decline in Short Interest

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,434 shares, a decline of 35.5% from the May 31st total of 5,324 shares. Based on an average trading volume of 17,840 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Invesco S&P MidCap Low Volatility ETF Price Performance

Shares of Invesco S&P MidCap Low Volatility ETF stock remained flat at $67.17 on Friday. The company’s stock had a trading volume of 13,411 shares, compared to its average volume of 23,674. Invesco S&P MidCap Low Volatility ETF has a twelve month low of $60.63 and a twelve month high of $67.39. The company’s 50 day moving average price is $65.23 and its two-hundred day moving average price is $64.73. The company has a market cap of $742.90 million, a P/E ratio of 18.75 and a beta of 0.69.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Basepoint Wealth LLC bought a new stake in Invesco S&P MidCap Low Volatility ETF in the 4th quarter worth approximately $29,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco S&P MidCap Low Volatility ETF during the fourth quarter valued at approximately $33,000. Larson Financial Group LLC raised its stake in shares of Invesco S&P MidCap Low Volatility ETF by 172.8% in the third quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock worth $40,000 after buying an additional 394 shares during the period. Geneos Wealth Management Inc. increased its holdings in Invesco S&P MidCap Low Volatility ETF by 254.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 451 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in Invesco S&P MidCap Low Volatility ETF during the 4th quarter worth approximately $40,000.

Invesco S&P MidCap Low Volatility ETF Company Profile

The Invesco S&P MidCap Low Volatility ETF (XMLV) is an exchange-traded fund that is based on the S&P MidCap 400 Low Volatility index. The fund tracks a volatility-weighted index of the 80 least volatile S&P 400 companies. XMLV was launched on Feb 15, 2013 and is managed by Invesco.