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

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) saw a large drop in short interest in 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. Currently, 2.4% of the company’s stock are sold short. Based on an average trading volume of 2,427,449 shares, the short-interest ratio is presently 1.0 days.

Invesco S&P 500 Low Volatility ETF Trading Up 0.3%

SPLV stock traded up $0.24 during mid-day trading on Tuesday, hitting $74.44. 1,481,396 shares of the company were exchanged, compared to its average volume of 3,251,937. The company has a market capitalization of $7.27 billion, a PE ratio of 24.11 and a beta of 0.55. Invesco S&P 500 Low Volatility ETF has a twelve month low of $69.63 and a twelve month high of $77.74. The firm has a fifty day simple moving average of $73.52 and a 200 day simple moving average of $73.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 16.8% in the 3rd quarter. Bank of America Corp DE now owns 8,045,945 shares of the company’s stock valued at $591,216,000 after buying an additional 1,156,550 shares during the period. Bank of Montreal Can boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 1,951.0% in the 3rd quarter. Bank of Montreal Can now owns 2,926,999 shares of the company’s stock valued at $215,076,000 after buying an additional 2,784,291 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 26.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,016,453 shares of the company’s stock valued at $147,348,000 after buying an additional 423,940 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 3.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,610,857 shares of the company’s stock valued at $115,047,000 after buying an additional 57,312 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 6.7% in the 4th quarter. Royal Bank of Canada now owns 1,585,210 shares of the company’s stock valued at $113,216,000 after buying an additional 99,562 shares during the period.

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.