Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Short Interest Update

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 10,967 shares, an increase of 72.1% from the July 30th total of 6,374 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 12,593 shares, the short-interest ratio is presently 0.9 days.

Invesco S&P MidCap Low Volatility ETF Stock Down 0.5%

Shares of XMLV stock traded down $0.35 during mid-day trading on Monday, hitting $67.28. 4,014 shares of the stock were exchanged, compared to its average volume of 22,556. Invesco S&P MidCap Low Volatility ETF has a 52-week low of $60.96 and a 52-week high of $70.21. The company has a market cap of $734.02 million, a PE ratio of 18.75 and a beta of 0.68. The firm has a fifty day moving average of $67.80 and a 200 day moving average of $66.02.

Hedge Funds Weigh In On Invesco S&P MidCap Low Volatility ETF

A number of hedge funds have recently bought and sold shares of XMLV. Basepoint Wealth LLC acquired a new position in shares of Invesco S&P MidCap Low Volatility ETF during the 4th quarter worth approximately $29,000. Larson Financial Group LLC increased its holdings in Invesco S&P MidCap Low Volatility ETF by 172.8% in the 3rd quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock worth $40,000 after acquiring an additional 394 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Invesco S&P MidCap Low Volatility ETF by 254.8% during the first quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 451 shares during the period. Wealth Watch Advisors INC acquired a new position in Invesco S&P MidCap Low Volatility ETF during the third quarter worth $52,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF during the second quarter valued at $53,000.

About Invesco S&P MidCap Low Volatility ETF

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.