Short Interest in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Declines By 16.6%

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,632,580 shares, a decline of 16.6% from the February 26th total of 3,157,097 shares. Based on an average daily trading volume, of 4,449,555 shares, the short-interest ratio is presently 0.6 days. Approximately 2.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPLV. Purpose Unlimited Inc. purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF during the fourth quarter worth $27,000. Rockefeller Capital Management L.P. raised its position in shares of Invesco S&P 500 Low Volatility ETF by 19.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 104,213 shares of the company’s stock valued at $7,443,000 after buying an additional 17,075 shares during the last quarter. World Investment Advisors lifted its stake in shares of Invesco S&P 500 Low Volatility ETF by 5.9% in the fourth quarter. World Investment Advisors now owns 8,587 shares of the company’s stock worth $613,000 after buying an additional 482 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the fourth quarter worth about $86,000. Finally, Corient Private Wealth LLC boosted its position in Invesco S&P 500 Low Volatility ETF by 5.2% during the fourth quarter. Corient Private Wealth LLC now owns 171,237 shares of the company’s stock worth $12,230,000 after acquiring an additional 8,519 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Trading Up 0.5%

NYSEARCA:SPLV opened at $73.14 on Wednesday. The stock has a 50 day moving average of $74.61 and a two-hundred day moving average of $72.94. Invesco S&P 500 Low Volatility ETF has a 12 month low of $67.13 and a 12 month high of $77.74. The firm has a market cap of $7.48 billion, a P/E ratio of 24.11 and a beta of 0.62.

Invesco S&P 500 Low Volatility ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.1346 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%.

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.