Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sees Large Increase in Short Interest

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,884,841 shares, a growth of 39.6% from the December 15th total of 2,067,064 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 3,016,505 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 3,016,505 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.8% of the company’s stock are short sold.

Invesco S&P 500 Low Volatility ETF Stock Performance

NYSEARCA SPLV traded up $0.18 during trading on Friday, reaching $73.23. 2,208,045 shares of the company’s stock were exchanged, compared to its average volume of 3,926,959. The company has a 50 day moving average price of $71.84 and a two-hundred day moving average price of $72.46. Invesco S&P 500 Low Volatility ETF has a 1 year low of $67.13 and a 1 year high of $75.43. The stock has a market cap of $7.44 billion, a P/E ratio of 24.11 and a beta of 0.62.

Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF

Several hedge funds have recently made changes to their positions in SPLV. Nvwm LLC lifted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 7.7% in the 2nd quarter. Nvwm LLC now owns 2,018 shares of the company’s stock valued at $147,000 after purchasing an additional 145 shares during the last quarter. Ausdal Financial Partners Inc. increased its position in Invesco S&P 500 Low Volatility ETF by 0.3% during the third quarter. Ausdal Financial Partners Inc. now owns 54,191 shares of the company’s stock worth $3,982,000 after buying an additional 148 shares during the period. Laraway Financial Advisors Inc lifted its stake in Invesco S&P 500 Low Volatility ETF by 0.9% in the third quarter. Laraway Financial Advisors Inc now owns 17,839 shares of the company’s stock valued at $1,311,000 after buying an additional 157 shares during the last quarter. Mission Creek Capital Partners Inc. lifted its stake in Invesco S&P 500 Low Volatility ETF by 2.0% in the second quarter. Mission Creek Capital Partners Inc. now owns 8,079 shares of the company’s stock valued at $588,000 after buying an additional 161 shares during the last quarter. Finally, Mutual Advisors LLC grew its position in shares of Invesco S&P 500 Low Volatility ETF by 3.3% during the third quarter. Mutual Advisors LLC now owns 5,249 shares of the company’s stock worth $381,000 after acquiring an additional 169 shares during the last quarter.

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.