Short Interest in Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Drops By 41.8%

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw a significant decline in short interest in 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 21,424 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P MidCap Low Volatility ETF by 1,305.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock valued at $66,665,000 after purchasing an additional 992,830 shares during the last quarter. LPL Financial LLC raised its position in shares of Invesco S&P MidCap Low Volatility ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 675,286 shares of the company’s stock worth $42,116,000 after purchasing an additional 69,346 shares during the last quarter. Brookstone Capital Management lifted its stake in Invesco S&P MidCap Low Volatility ETF by 3.4% in the 1st quarter. Brookstone Capital Management now owns 306,429 shares of the company’s stock valued at $19,296,000 after buying an additional 10,000 shares in the last quarter. DORVAL Corp lifted its stake in Invesco S&P MidCap Low Volatility ETF by 3.7% in the 4th quarter. DORVAL Corp now owns 254,042 shares of the company’s stock valued at $15,844,000 after buying an additional 9,127 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco S&P MidCap Low Volatility ETF by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 225,465 shares of the company’s stock valued at $13,903,000 after buying an additional 2,801 shares in the last quarter.

Invesco S&P MidCap Low Volatility ETF Stock Down 0.4%

Invesco S&P MidCap Low Volatility ETF stock opened at $68.36 on Friday. Invesco S&P MidCap Low Volatility ETF has a 52 week low of $60.63 and a 52 week high of $70.21. The firm’s 50-day simple moving average is $66.43 and its 200 day simple moving average is $65.47. The firm has a market capitalization of $747.86 million, a PE ratio of 18.75 and a beta of 0.69.

Invesco S&P MidCap Low Volatility ETF Company Profile

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.