Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV – Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 3,210 shares, a drop of 72.0% from the April 15th total of 11,460 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 7,985 shares, the days-to-cover ratio is presently 0.4 days.
Invesco S&P SmallCap Low Volatility ETF Stock Down 0.8%
Shares of NYSEARCA XSLV traded down $0.38 during midday trading on Wednesday, hitting $48.88. The stock had a trading volume of 13,438 shares, compared to its average volume of 11,657. The company has a market capitalization of $237.56 million, a PE ratio of 17.66 and a beta of 0.76. The stock has a 50 day simple moving average of $48.60 and a 200-day simple moving average of $47.77. Invesco S&P SmallCap Low Volatility ETF has a 1 year low of $44.32 and a 1 year high of $50.40.
Institutional Investors Weigh In On Invesco S&P SmallCap Low Volatility ETF
A number of hedge funds have recently modified their holdings of XSLV. Flagship Harbor Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Low Volatility ETF in the fourth quarter worth about $37,000. Advisory Services Network LLC purchased a new position in shares of Invesco S&P SmallCap Low Volatility ETF in the third quarter worth about $42,000. Lodestone Wealth Management LLC purchased a new position in shares of Invesco S&P SmallCap Low Volatility ETF in the fourth quarter worth about $55,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Low Volatility ETF in the third quarter worth about $93,000. Finally, Fifth Third Bancorp purchased a new position in shares of Invesco S&P SmallCap Low Volatility ETF in the first quarter worth about $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.
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