Short Interest in Invesco S&P SmallCap High Dividend Low Volatility ETF (BATS:XSHD) Declines By 42.4%

Invesco S&P SmallCap High Dividend Low Volatility ETF (BATS:XSHD) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 34,605 shares, a drop of 42.4% from the August 15th total of 60,076 shares. Based on an average daily volume of 26,486 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.6% of the company’s stock are short sold.

Invesco S&P SmallCap High Dividend Low Volatility ETF Stock Performance

BATS XSHD opened at $13.69 on Wednesday. Invesco S&P SmallCap High Dividend Low Volatility ETF has a 52 week low of $12.30 and a 52 week high of $14.87. The stock’s 50 day moving average price is $14.27 and its two-hundred day moving average price is $13.79. The stock has a market capitalization of $74.20 million, a price-to-earnings ratio of 13.06 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sigma Planning Corp bought a new stake in Invesco S&P SmallCap High Dividend Low Volatility ETF during the 1st quarter worth about $729,000. Eagle Bluffs Wealth Management LLC raised its holdings in Invesco S&P SmallCap High Dividend Low Volatility ETF by 14.7% during the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 12,119 shares of the company’s stock worth $155,000 after acquiring an additional 1,554 shares in the last quarter. Cowa LLC boosted its position in Invesco S&P SmallCap High Dividend Low Volatility ETF by 68.1% during the fourth quarter. Cowa LLC now owns 53,380 shares of the company’s stock valued at $684,000 after purchasing an additional 21,620 shares during the last quarter. Citadel Advisors LLC acquired a new position in Invesco S&P SmallCap High Dividend Low Volatility ETF during the second quarter valued at approximately $265,000. Finally, Avant Capital LLC bought a new position in Invesco S&P SmallCap High Dividend Low Volatility ETF in the second quarter valued at approximately $93,000.

About Invesco S&P SmallCap High Dividend Low Volatility ETF

The Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a dividend-yield-weighted index of the 60 least volatile stocks chosen from a list of the 90 highest-yielding US small-cap stocks. XSHD was launched on Dec 1, 2016 and is managed by Invesco.