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 significant drop in short interest in the month of 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 trading volume of 18,156 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Invesco S&P SmallCap Low Volatility ETF in the first quarter worth $211,000. Invesco Ltd. grew its position in Invesco S&P SmallCap Low Volatility ETF by 14.3% during the second quarter. Invesco Ltd. now owns 6,782 shares of the company’s stock worth $309,000 after buying an additional 846 shares in the last quarter. Raymond James Financial Inc. increased its stake in Invesco S&P SmallCap Low Volatility ETF by 2.7% in the 2nd quarter. Raymond James Financial Inc. now owns 27,028 shares of the company’s stock worth $1,231,000 after acquiring an additional 705 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco S&P SmallCap Low Volatility ETF by 12.4% in the second quarter. Ameriprise Financial Inc. now owns 21,411 shares of the company’s stock worth $975,000 after purchasing an additional 2,362 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Invesco S&P SmallCap Low Volatility ETF by 86.6% in the 2nd quarter. Bank of America Corp DE now owns 202,000 shares of the company’s stock worth $9,201,000 after buying an additional 93,752 shares in the last quarter.

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

Shares of NYSEARCA XSLV traded down $0.04 during mid-day trading on Friday, hitting $51.88. The company had a trading volume of 3,798 shares, compared to its average volume of 10,102. Invesco S&P SmallCap Low Volatility ETF has a 1 year low of $44.32 and a 1 year high of $54.55. The company has a market capitalization of $239.17 million, a price-to-earnings ratio of 17.66 and a beta of 0.73. The stock’s 50-day moving average price is $53.14 and its 200-day moving average price is $50.75.

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.