Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV – Get Free Report) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,317,874 shares, a drop of 35.6% from the May 14th total of 3,600,840 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,427,449 shares, the days-to-cover ratio is presently 1.0 days.
Invesco S&P 500 Low Volatility ETF Trading Down 1.6%
SPLV opened at $73.31 on Thursday. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 24.11 and a beta of 0.55. The company’s 50 day moving average is $73.52 and its 200 day moving average is $73.44. Invesco S&P 500 Low Volatility ETF has a 12-month low of $69.63 and a 12-month high of $77.74.
Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF
A number of institutional investors and hedge funds have recently made changes to their positions in SPLV. Purpose Unlimited Inc. purchased a new position in Invesco S&P 500 Low Volatility ETF during the fourth quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in Invesco S&P 500 Low Volatility ETF during the fourth quarter valued at approximately $29,000. Ulland Investment Advisors LLC lifted its holdings in Invesco S&P 500 Low Volatility ETF by 112.5% during the third quarter. Ulland Investment Advisors LLC now owns 425 shares of the company’s stock valued at $31,000 after purchasing an additional 225 shares in the last quarter. Founders Financial Alliance LLC purchased a new position in Invesco S&P 500 Low Volatility ETF during the third quarter valued at approximately $36,000. Finally, Kingdom Financial Group LLC. purchased a new position in Invesco S&P 500 Low Volatility ETF during the fourth quarter valued at approximately $45,000.
Invesco S&P 500 Low Volatility ETF Company Profile
The Invesco S&P 500 Low Volatility ETF (SPLV) is an exchange-traded fund that is based on the S&P 500 Low Volatility index. The fund tracks a volatility-weighted index of the 100 least-volatile stocks in the S&P 500. SPLV was launched on May 5, 2011 and is managed by Invesco.
See Also
- Five stocks we like better than Invesco S&P 500 Low Volatility ETF
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for Invesco S&P 500 Low Volatility ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Low Volatility ETF and related companies with MarketBeat.com's FREE daily email newsletter.
