Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sees Significant Decline in Short Interest

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,317,874 shares, a decline of 35.6% from the May 14th total of 3,600,840 shares. Based on an average daily trading volume, of 2,427,449 shares, the short-interest ratio is currently 1.0 days. Approximately 2.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its holdings in Invesco S&P 500 Low Volatility ETF by 6.9% during the 1st quarter. NewEdge Advisors LLC now owns 148,380 shares of the company’s stock worth $10,852,000 after acquiring an additional 9,526 shares in the last quarter. Western Wealth Management LLC grew its holdings in Invesco S&P 500 Low Volatility ETF by 4.2% during the 1st quarter. Western Wealth Management LLC now owns 42,366 shares of the company’s stock worth $3,099,000 after acquiring an additional 1,720 shares in the last quarter. Centaurus Financial Inc. grew its holdings in Invesco S&P 500 Low Volatility ETF by 10.4% during the 1st quarter. Centaurus Financial Inc. now owns 3,693 shares of the company’s stock worth $270,000 after acquiring an additional 349 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Invesco S&P 500 Low Volatility ETF during the 1st quarter worth $66,000. Finally, Quantinno Capital Management LP grew its holdings in Invesco S&P 500 Low Volatility ETF by 102.9% during the 1st quarter. Quantinno Capital Management LP now owns 22,424 shares of the company’s stock worth $1,640,000 after acquiring an additional 11,370 shares in the last quarter.

Invesco S&P 500 Low Volatility ETF Price Performance

Invesco S&P 500 Low Volatility ETF stock traded up $0.24 during midday trading on Tuesday, hitting $74.44. 1,481,396 shares of the stock were exchanged, compared to its average volume of 3,251,937. Invesco S&P 500 Low Volatility ETF has a 1 year low of $69.63 and a 1 year high of $77.74. The firm has a market cap of $7.27 billion, a P/E ratio of 24.11 and a beta of 0.55. The company has a 50 day moving average price of $73.52 and a two-hundred day moving average price of $73.43.

About Invesco S&P 500 Low Volatility ETF

The Invesco S&P 500 Low Volatility ETF (SPLV) is an exchange-traded fund that is based on the S&P 500 Low Volatility index. The fund tracks a volatility-weighted index of the 100 least-volatile stocks in the S&P 500. SPLV was launched on May 5, 2011 and is managed by Invesco.