Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sees Large Decline in Short Interest

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,317,874 shares, a drop of 35.6% from the May 14th total of 3,600,840 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average trading volume of 2,427,449 shares, the short-interest ratio is currently 1.0 days.

Invesco S&P 500 Low Volatility ETF Stock Down 0.7%

Shares of SPLV stock traded down $0.55 during trading hours on Wednesday, hitting $73.95. 952,460 shares of the company’s stock traded hands, compared to its average volume of 3,241,427. Invesco S&P 500 Low Volatility ETF has a 12 month low of $69.63 and a 12 month high of $77.74. The stock’s 50 day simple moving average is $73.53 and its 200 day simple moving average is $73.44. The stock has a market cap of $7.22 billion, a PE ratio of 24.11 and a beta of 0.55.

Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF

A number of hedge funds have recently bought and sold shares of SPLV. Brighton Jones LLC increased its stake in Invesco S&P 500 Low Volatility ETF by 7.6% in the fourth quarter. Brighton Jones LLC now owns 13,082 shares of the company’s stock valued at $916,000 after purchasing an additional 922 shares in the last quarter. AQR Capital Management LLC increased its stake in Invesco S&P 500 Low Volatility ETF by 151.9% in the first quarter. AQR Capital Management LLC now owns 13,736 shares of the company’s stock valued at $1,026,000 after purchasing an additional 8,282 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Invesco S&P 500 Low Volatility ETF by 1,545.3% in the first quarter. Goldman Sachs Group Inc. now owns 242,001 shares of the company’s stock valued at $18,082,000 after purchasing an additional 227,292 shares in the last quarter. Quantbot Technologies LP bought a new stake in Invesco S&P 500 Low Volatility ETF in the second quarter valued at $320,000. Finally, First Trust Advisors LP bought a new stake in Invesco S&P 500 Low Volatility ETF in the second quarter valued at $230,000.

About Invesco S&P 500 Low Volatility ETF

The Invesco S&P 500 Low Volatility ETF (SPLV) is an exchange-traded fund that is based on the S&P 500 Low Volatility index. The fund tracks a volatility-weighted index of the 100 least-volatile stocks in the S&P 500. SPLV was launched on May 5, 2011 and is managed by Invesco.