Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Stock Short Interest Declines 52.5%

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 5,189 shares, a decline of 52.5% from the October 15th total of 10,913 shares. Based on an average daily trading volume, of 26,858 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Invesco S&P MidCap Low Volatility ETF Stock Up 0.5%

Shares of NYSEARCA:XMLV traded up $0.31 during midday trading on Friday, reaching $67.05. The company’s stock had a trading volume of 11,321 shares, compared to its average volume of 22,385. The firm has a 50 day moving average of $65.29 and a 200-day moving average of $65.81. The firm has a market capitalization of $733.53 million, a P/E ratio of 16.49 and a beta of 0.67. Invesco S&P MidCap Low Volatility ETF has a 12-month low of $61.93 and a 12-month high of $70.21.

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

Several hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB bought a new stake in Invesco S&P MidCap Low Volatility ETF in the third quarter worth $1,619,000. CX Institutional grew its stake in shares of Invesco S&P MidCap Low Volatility ETF by 28,361.1% in the third quarter. CX Institutional now owns 116,975 shares of the company’s stock worth $7,366,000 after acquiring an additional 116,564 shares during the last quarter. Brookstone Capital Management bought a new position in shares of Invesco S&P MidCap Low Volatility ETF during the third quarter valued at $17,070,000. Cetera Investment Advisers increased its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 19.0% during the first quarter. Cetera Investment Advisers now owns 105,074 shares of the company’s stock valued at $6,616,000 after acquiring an additional 16,793 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Invesco S&P MidCap Low Volatility ETF during the second quarter valued at $555,000.

About Invesco S&P MidCap Low Volatility ETF

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.