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

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 8,937 shares, a decline of 41.8% from the June 30th total of 15,365 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 21,424 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Invesco S&P MidCap Low Volatility ETF

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in Invesco S&P MidCap Low Volatility ETF by 1,305.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock worth $66,665,000 after acquiring an additional 992,830 shares during the period. Merit Financial Group LLC raised its stake in shares of Invesco S&P MidCap Low Volatility ETF by 3,691.3% during the fourth quarter. Merit Financial Group LLC now owns 136,222 shares of the company’s stock valued at $8,496,000 after purchasing an additional 132,629 shares in the last quarter. LPL Financial LLC raised its stake in shares of Invesco S&P MidCap Low Volatility ETF by 11.4% during the fourth quarter. LPL Financial LLC now owns 675,286 shares of the company’s stock valued at $42,116,000 after purchasing an additional 69,346 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Invesco S&P MidCap Low Volatility ETF by 35.1% in the second quarter. NewEdge Advisors LLC now owns 96,201 shares of the company’s stock worth $5,937,000 after purchasing an additional 24,996 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Invesco S&P MidCap Low Volatility ETF by 27.0% in the fourth quarter. Royal Bank of Canada now owns 94,582 shares of the company’s stock worth $5,899,000 after purchasing an additional 20,127 shares during the period.

Invesco S&P MidCap Low Volatility ETF Price Performance

Shares of NYSEARCA XMLV traded down $0.80 during midday trading on Thursday, hitting $68.64. 15,697 shares of the company’s stock were exchanged, compared to its average volume of 22,931. Invesco S&P MidCap Low Volatility ETF has a twelve month low of $60.63 and a twelve month high of $70.21. The firm has a market cap of $750.92 million, a P/E ratio of 18.75 and a beta of 0.69. The stock’s 50 day moving average price is $66.31 and its 200-day moving average price is $65.42.

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.