Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) Sees Significant Decrease in Short Interest

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 62 shares, a drop of 62.4% from the November 30th total of 165 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 769 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 769 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF Stock Performance

XRLV stock traded down $0.05 during midday trading on Friday, hitting $54.30. 693 shares of the stock were exchanged, compared to its average volume of 2,386. The stock’s 50-day moving average price is $54.21 and its 200-day moving average price is $54.81. The stock has a market cap of $34.75 million, a price-to-earnings ratio of 23.36 and a beta of 0.65. Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF has a fifty-two week low of $51.21 and a fifty-two week high of $56.89.

Hedge Funds Weigh In On Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC raised its holdings in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 10.7% in the 3rd quarter. Citadel Advisors LLC now owns 5,191 shares of the company’s stock valued at $289,000 after acquiring an additional 501 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF in the third quarter valued at $406,000. Susquehanna International Group LLP grew its position in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 41.4% in the third quarter. Susquehanna International Group LLP now owns 9,119 shares of the company’s stock valued at $507,000 after purchasing an additional 2,670 shares during the period. Osaic Holdings Inc. increased its stake in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 4.0% in the second quarter. Osaic Holdings Inc. now owns 21,088 shares of the company’s stock valued at $1,161,000 after purchasing an additional 820 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 3.1% during the second quarter. Bank of America Corp DE now owns 29,621 shares of the company’s stock worth $1,631,000 after buying an additional 885 shares during the period.

About Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF

The Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US equities, selected for positive correlation to rising interest rates and for low volatility. Stocks are weighted inversely to volatility. XRLV was launched on Apr 9, 2015 and is managed by Invesco.