Invesco S&P International Developed Low Volatility ETF (NYSEARCA:IDLV – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 14,805 shares, a decline of 36.6% from the August 15th total of 23,350 shares. Based on an average daily trading volume, of 66,646 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.
Invesco S&P International Developed Low Volatility ETF Stock Performance
NYSEARCA IDLV traded up $0.28 during trading hours on Thursday, hitting $35.77. 8,896 shares of the company traded hands, compared to its average volume of 40,024. The stock has a market capitalization of $324.08 million, a price-to-earnings ratio of 17.78 and a beta of 0.49. Invesco S&P International Developed Low Volatility ETF has a twelve month low of $32.50 and a twelve month high of $36.97. The business’s 50-day moving average is $35.85 and its 200-day moving average is $35.30.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in Invesco S&P International Developed Low Volatility ETF by 46.9% during the first quarter. Bank of New York Mellon Corp now owns 1,513,405 shares of the company’s stock worth $52,142,000 after buying an additional 483,277 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P International Developed Low Volatility ETF by 197.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 240,131 shares of the company’s stock valued at $8,140,000 after acquiring an additional 159,455 shares during the last quarter. Whitaker Myers Wealth Managers LTD. grew its holdings in shares of Invesco S&P International Developed Low Volatility ETF by 12.5% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 511,114 shares of the company’s stock worth $17,630,000 after purchasing an additional 56,755 shares during the last quarter. Bank of America Corp DE increased its position in Invesco S&P International Developed Low Volatility ETF by 11.9% in the 1st quarter. Bank of America Corp DE now owns 133,656 shares of the company’s stock valued at $4,605,000 after acquiring an additional 14,187 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in Invesco S&P International Developed Low Volatility ETF in the first quarter valued at $384,000.
About Invesco S&P International Developed Low Volatility ETF
The Invesco S&P International Developed Low Volatility ETF (IDLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of about 200 stocks showing low price volatility pulled from the S&P Developed ex-US and South Korea LargeMidCap BMI Index. IDLV was launched on Jan 13, 2012 and is managed by Invesco.
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