Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Large Increase in Short Interest

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 15,365 shares, a growth of 347.4% from the June 15th total of 3,434 shares. Based on an average daily volume of 17,510 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

Invesco S&P MidCap Low Volatility ETF Price Performance

NYSEARCA:XMLV traded up $0.25 during trading hours on Friday, reaching $67.10. 40,542 shares of the company were exchanged, compared to its average volume of 23,579. The firm has a market cap of $740.11 million, a price-to-earnings ratio of 18.75 and a beta of 0.69. The stock has a 50 day simple moving average of $65.41 and a 200 day simple moving average of $64.88. Invesco S&P MidCap Low Volatility ETF has a 52-week low of $60.63 and a 52-week high of $68.10.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P MidCap Low Volatility ETF by 1,305.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock valued at $66,665,000 after acquiring an additional 992,830 shares during the period. Harbour Investments Inc. raised its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 26.3% in the 4th quarter. Harbour Investments Inc. now owns 40,156 shares of the company’s stock worth $2,504,000 after purchasing an additional 8,365 shares during the period. DORVAL Corp raised its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 3.7% in the 4th quarter. DORVAL Corp now owns 254,042 shares of the company’s stock worth $15,844,000 after purchasing an additional 9,127 shares during the period. Tempo Wealth LLC acquired a new position in shares of Invesco S&P MidCap Low Volatility ETF in the 4th quarter valued at about $1,204,000. Finally, Brookstone Capital Management lifted its stake in shares of Invesco S&P MidCap Low Volatility ETF by 3.4% in the 1st quarter. Brookstone Capital Management now owns 306,429 shares of the company’s stock valued at $19,296,000 after purchasing an additional 10,000 shares in the last quarter.

About Invesco S&P MidCap Low Volatility ETF

The Invesco S&P MidCap Low Volatility ETF (XMLV) is an exchange-traded fund that is based on the S&P MidCap 400 Low Volatility index. The fund tracks a volatility-weighted index of the 80 least volatile S&P 400 companies. XMLV was launched on Feb 15, 2013 and is managed by Invesco.