Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) Sees Significant Drop in Short Interest

Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 3,784 shares, a drop of 63.8% from the August 15th total of 10,440 shares. Based on an average daily trading volume, of 18,156 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Invesco S&P SmallCap Low Volatility ETF Trading Down 0.1%

Shares of XSLV stock traded down $0.04 during trading on Friday, hitting $51.88. The company’s stock had a trading volume of 3,798 shares, compared to its average volume of 10,102. The company has a market cap of $239.17 million, a PE ratio of 17.66 and a beta of 0.73. The business has a fifty day moving average of $53.14 and a 200-day moving average of $50.75. Invesco S&P SmallCap Low Volatility ETF has a 52 week low of $44.32 and a 52 week high of $54.55.

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

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of Invesco S&P SmallCap Low Volatility ETF by 86.6% in the second quarter. Bank of America Corp DE now owns 202,000 shares of the company’s stock valued at $9,201,000 after purchasing an additional 93,752 shares during the period. Asset Allocation Strategies LLC bought a new position in Invesco S&P SmallCap Low Volatility ETF in the 4th quarter worth approximately $1,428,000. Armbruster Capital Management Inc. grew its stake in Invesco S&P SmallCap Low Volatility ETF by 4.6% in the 1st quarter. Armbruster Capital Management Inc. now owns 260,019 shares of the company’s stock valued at $12,272,000 after buying an additional 11,458 shares in the last quarter. Brookstone Capital Management grew its stake in Invesco S&P SmallCap Low Volatility ETF by 5.3% in the 1st quarter. Brookstone Capital Management now owns 201,765 shares of the company’s stock valued at $9,522,000 after buying an additional 10,066 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Invesco S&P SmallCap Low Volatility ETF during the 2nd quarter valued at $405,000.

Invesco S&P SmallCap Low Volatility ETF Company Profile

The Invesco S&P SmallCap Low Volatility ETF (XSLV) is an exchange-traded fund that is based on the S&P SmallCap 600 Low Volatility index. The fund tracks a volatility-weighted index of the 120 least volatile securities from the S&P 600. XSLV was launched on Feb 15, 2013 and is managed by Invesco.