Invesco S&P Emerging Markets Low Volatility ETF (NYSEARCA:EELV) Sees Significant Drop in Short Interest

Invesco S&P Emerging Markets Low Volatility ETF (NYSEARCA:EELV) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 13,138 shares, a drop of 35.0% from the July 30th total of 20,208 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 45,808 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco S&P Emerging Markets Low Volatility ETF

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P Emerging Markets Low Volatility ETF by 4,145.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,776,294 shares of the company’s stock worth $76,154,000 after purchasing an additional 2,710,894 shares during the last quarter. Purpose Unlimited Inc. purchased a new position in shares of Invesco S&P Emerging Markets Low Volatility ETF during the fourth quarter valued at approximately $9,297,000. Modern Wealth Management LLC purchased a new position in shares of Invesco S&P Emerging Markets Low Volatility ETF during the first quarter valued at approximately $8,279,000. LPL Financial LLC grew its holdings in Invesco S&P Emerging Markets Low Volatility ETF by 20.8% during the fourth quarter. LPL Financial LLC now owns 900,180 shares of the company’s stock worth $24,692,000 after buying an additional 155,125 shares in the last quarter. Finally, First Heartland Consultants Inc. grew its holdings in Invesco S&P Emerging Markets Low Volatility ETF by 79.4% during the second quarter. First Heartland Consultants Inc. now owns 263,347 shares of the company’s stock worth $7,321,000 after buying an additional 116,551 shares in the last quarter.

Invesco S&P Emerging Markets Low Volatility ETF Price Performance

NYSEARCA:EELV opened at $29.05 on Wednesday. The firm has a 50-day moving average of $28.42 and a 200-day moving average of $28.58. The company has a market cap of $431.39 million, a PE ratio of 12.64 and a beta of 0.43. Invesco S&P Emerging Markets Low Volatility ETF has a one year low of $26.04 and a one year high of $29.97.

Invesco S&P Emerging Markets Low Volatility ETF Company Profile

The Invesco S&P Emerging Markets Low Volatility ETF (EELV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a volatility-weighted index of emerging markets firms. EELV was launched on Jan 13, 2012 and is managed by Invesco.