Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Shares Shorted: Short Interest Up 116.1% in September

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 17,928 shares, an increase of 116.1% from the September 15th total of 8,295 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 20,153 shares, the days-to-cover ratio is currently 0.9 days.

Invesco S&P MidCap Low Volatility ETF Stock Performance

Shares of NYSEARCA:XMLV traded down $0.06 during trading on Tuesday, reaching $63.75. 10,714 shares of the stock were exchanged, compared to its average volume of 22,188. Invesco S&P MidCap Low Volatility ETF has a 12-month low of $60.96 and a 12-month high of $70.21. The firm’s 50-day moving average price is $66.35 and its 200 day moving average price is $65.95. The firm has a market cap of $698.11 million, a price-to-earnings ratio of 18.75 and a beta of 0.68.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Sun Financial Corp grew its stake in Invesco S&P MidCap Low Volatility ETF by 1.4% during the 1st quarter. Pacific Sun Financial Corp now owns 20,765 shares of the company’s stock worth $1,308,000 after buying an additional 290 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in Invesco S&P MidCap Low Volatility ETF by 15.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,642 shares of the company’s stock worth $292,000 after purchasing an additional 607 shares during the last quarter. Western Wealth Management LLC bought a new position in Invesco S&P MidCap Low Volatility ETF in the 1st quarter worth about $71,000. Fifth Third Bancorp increased its stake in shares of Invesco S&P MidCap Low Volatility ETF by 25.4% in the first quarter. Fifth Third Bancorp now owns 5,633 shares of the company’s stock valued at $355,000 after purchasing an additional 1,141 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Invesco S&P MidCap Low Volatility ETF in the 2nd quarter worth approximately $122,000.

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.