Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV – Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 10,440 shares, a growth of 212.2% from the July 30th total of 3,344 shares. Based on an average daily volume of 4,209 shares, the short-interest ratio is presently 2.5 days. Approximately 0.2% of the company’s shares are sold short.
Invesco S&P SmallCap Low Volatility ETF Stock Performance
Shares of XSLV traded down $0.31 during midday trading on Thursday, hitting $52.77. 155,478 shares of the stock were exchanged, compared to its average volume of 10,375. Invesco S&P SmallCap Low Volatility ETF has a 52-week low of $44.32 and a 52-week high of $54.55. The stock has a fifty day simple moving average of $53.04 and a 200 day simple moving average of $50.54. The firm has a market cap of $243.27 million, a P/E ratio of 17.66 and a beta of 0.73.
Hedge Funds Weigh In On Invesco S&P SmallCap Low Volatility ETF
Several hedge funds have recently bought and sold shares of XSLV. Western Wealth Management LLC acquired a new position in Invesco S&P SmallCap Low Volatility ETF in the 1st quarter valued at about $33,000. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P SmallCap Low Volatility ETF during the third quarter worth about $42,000. Fifth Third Bancorp purchased a new position in shares of Invesco S&P SmallCap Low Volatility ETF in the first quarter valued at approximately $121,000. Jane Street Group LLC purchased a new position in shares of Invesco S&P SmallCap Low Volatility ETF in the first quarter valued at approximately $211,000. Finally, RDA Financial Network grew its holdings in shares of Invesco S&P SmallCap Low Volatility ETF by 7.7% in the second quarter. RDA Financial Network now owns 4,713 shares of the company’s stock valued at $247,000 after purchasing an additional 335 shares in the last quarter.
Invesco S&P SmallCap Low Volatility ETF Company Profile
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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