Invesco S&P International Developed Low Volatility ETF (NYSEARCA:IDLV) Sees Large Growth in Short Interest

Invesco S&P International Developed Low Volatility ETF (NYSEARCA:IDLV) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 12,553 shares, an increase of 1,358.0% from the June 15th total of 861 shares. Based on an average daily volume of 23,952 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Invesco S&P International Developed Low Volatility ETF Stock Performance

IDLV stock traded up $0.11 during mid-day trading on Friday, hitting $35.08. 5,883 shares of the company were exchanged, compared to its average volume of 42,800. Invesco S&P International Developed Low Volatility ETF has a 1-year low of $32.50 and a 1-year high of $36.97. The firm’s 50 day simple moving average is $34.90 and its 200 day simple moving average is $34.98. The firm has a market cap of $335.01 million, a P/E ratio of 17.78 and a beta of 0.50.

Institutional Investors Weigh In On Invesco S&P International Developed Low Volatility ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wagner Wealth Management LLC boosted its stake in Invesco S&P International Developed Low Volatility ETF by 3.0% in the 4th quarter. Wagner Wealth Management LLC now owns 10,641 shares of the company’s stock worth $361,000 after purchasing an additional 309 shares during the period. Cetera Investment Advisers raised its stake in shares of Invesco S&P International Developed Low Volatility ETF by 0.4% in the 4th quarter. Cetera Investment Advisers now owns 92,849 shares of the company’s stock valued at $3,148,000 after purchasing an additional 406 shares during the period. MML Investors Services LLC raised its stake in shares of Invesco S&P International Developed Low Volatility ETF by 6.0% in the 4th quarter. MML Investors Services LLC now owns 7,703 shares of the company’s stock valued at $261,000 after purchasing an additional 435 shares during the period. Johnson & White Wealth Management LLC lifted its holdings in shares of Invesco S&P International Developed Low Volatility ETF by 0.3% in the fourth quarter. Johnson & White Wealth Management LLC now owns 170,465 shares of the company’s stock valued at $5,779,000 after purchasing an additional 464 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Invesco S&P International Developed Low Volatility ETF by 3.6% in the fourth quarter. Kestra Advisory Services LLC now owns 16,484 shares of the company’s stock valued at $559,000 after purchasing an additional 576 shares in the last quarter.

About Invesco S&P International Developed Low Volatility ETF

The Invesco S&P International Developed Low Volatility ETF (IDLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of about 200 stocks showing low price volatility pulled from the S&P Developed ex-US and South Korea LargeMidCap BMI Index. IDLV was launched on Jan 13, 2012 and is managed by Invesco.