Short Interest in Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) Declines By 42.1%

Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 3,392 shares, a drop of 42.1% from the May 14th total of 5,855 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,683 shares, the days-to-cover ratio is currently 0.6 days.

Invesco S&P SmallCap Low Volatility ETF Price Performance

XSLV stock traded down $0.58 during trading on Monday, hitting $50.98. 4,672 shares of the company traded hands, compared to its average volume of 10,542. The stock’s 50-day simple moving average is $49.67 and its 200 day simple moving average is $48.50. The company has a market cap of $247.76 million, a PE ratio of 17.66 and a beta of 0.75. Invesco S&P SmallCap Low Volatility ETF has a 1 year low of $44.32 and a 1 year high of $51.70.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Armbruster Capital Management Inc. raised its position in Invesco S&P SmallCap Low Volatility ETF by 4.6% during the fourth quarter. Armbruster Capital Management Inc. now owns 248,561 shares of the company’s stock valued at $11,526,000 after acquiring an additional 10,986 shares in the last quarter. Asset Allocation Strategies LLC purchased a new stake in shares of Invesco S&P SmallCap Low Volatility ETF in the fourth quarter valued at approximately $1,428,000. Western Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Low Volatility ETF in the first quarter valued at approximately $33,000. Cetera Investment Advisers boosted its stake in shares of Invesco S&P SmallCap Low Volatility ETF by 3.5% in the first quarter. Cetera Investment Advisers now owns 59,171 shares of the company’s stock worth $2,793,000 after acquiring an additional 2,010 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco S&P SmallCap Low Volatility ETF in the first quarter worth approximately $121,000.

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.