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

Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 5,855 shares, a growth of 82.4% from the April 30th total of 3,210 shares. Based on an average daily volume of 21,290 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Invesco S&P SmallCap Low Volatility ETF Stock Performance

Shares of Invesco S&P SmallCap Low Volatility ETF stock opened at $49.14 on Tuesday. The business has a 50-day simple moving average of $48.98 and a 200-day simple moving average of $48.17. The company has a market cap of $238.82 million, a PE ratio of 17.66 and a beta of 0.76. Invesco S&P SmallCap Low Volatility ETF has a one year low of $44.32 and a one year high of $50.52.

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

A number of hedge funds and other institutional investors have recently modified their holdings of XSLV. Truist Financial Corp increased its holdings in Invesco S&P SmallCap Low Volatility ETF by 3.0% in the third quarter. Truist Financial Corp now owns 17,937 shares of the company’s stock valued at $831,000 after buying an additional 525 shares during the last quarter. Symmetry Partners LLC increased its holdings in shares of Invesco S&P SmallCap Low Volatility ETF by 8.1% in the 4th quarter. Symmetry Partners LLC now owns 8,089 shares of the company’s stock valued at $375,000 after acquiring an additional 603 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Invesco S&P SmallCap Low Volatility ETF during the 1st quarter worth about $33,000. Raymond James Financial Inc. lifted its stake in Invesco S&P SmallCap Low Volatility ETF by 2.7% during the second quarter. Raymond James Financial Inc. now owns 27,028 shares of the company’s stock worth $1,231,000 after purchasing an additional 705 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its stake in Invesco S&P SmallCap Low Volatility ETF by 3.1% during the second quarter. Snowden Capital Advisors LLC now owns 24,143 shares of the company’s stock worth $1,100,000 after purchasing an additional 736 shares during the last quarter.

About Invesco S&P SmallCap Low Volatility ETF

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.