Short Interest in Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) Declines By 42.1%

Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,392 shares, a decrease of 42.1% from the May 14th total of 5,855 shares. Based on an average daily volume of 5,683 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Invesco S&P SmallCap Low Volatility ETF Stock Performance

Shares of XSLV opened at $51.56 on Friday. The company has a 50 day moving average price of $49.60 and a 200-day moving average price of $48.45. Invesco S&P SmallCap Low Volatility ETF has a fifty-two week low of $44.32 and a fifty-two week high of $51.70. The stock has a market capitalization of $250.58 million, a PE ratio of 17.66 and a beta of 0.75.

Institutional Investors Weigh In On Invesco S&P SmallCap Low Volatility ETF

Hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Low Volatility ETF in the 1st quarter worth approximately $33,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco S&P SmallCap Low Volatility ETF during the fourth quarter valued at approximately $37,000. Advisory Services Network LLC purchased a new stake in Invesco S&P SmallCap Low Volatility ETF during the third quarter valued at approximately $42,000. Lodestone Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Low Volatility ETF during the fourth quarter valued at approximately $55,000. Finally, Fifth Third Bancorp purchased a new stake in Invesco S&P SmallCap Low Volatility ETF during the first quarter valued at approximately $121,000.

About Invesco S&P SmallCap Low Volatility ETF

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.