Invesco S&P International Developed Low Volatility ETF (NYSEARCA:IDLV) Stock Short Interest Declines 78.9%

Invesco S&P International Developed Low Volatility ETF (NYSEARCA:IDLV) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,120 shares, a drop of 78.9% from the August 31st total of 14,805 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 20,764 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in shares of Invesco S&P International Developed Low Volatility ETF by 46.9% in the first quarter. Bank of New York Mellon Corp now owns 1,513,405 shares of the company’s stock valued at $52,142,000 after buying an additional 483,277 shares during the period. Whitaker Myers Wealth Managers LTD. grew its position in Invesco S&P International Developed Low Volatility ETF by 12.5% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 511,114 shares of the company’s stock worth $17,630,000 after buying an additional 56,755 shares in the last quarter. Bank of America Corp DE increased its stake in Invesco S&P International Developed Low Volatility ETF by 11.9% during the 1st quarter. Bank of America Corp DE now owns 133,656 shares of the company’s stock worth $4,605,000 after acquiring an additional 14,187 shares during the period. Arkadios Wealth Advisors bought a new position in Invesco S&P International Developed Low Volatility ETF during the 1st quarter worth $384,000. Finally, Bell Investment Advisors Inc raised its holdings in Invesco S&P International Developed Low Volatility ETF by 4.6% in the 1st quarter. Bell Investment Advisors Inc now owns 202,901 shares of the company’s stock valued at $6,991,000 after acquiring an additional 9,006 shares in the last quarter.

Invesco S&P International Developed Low Volatility ETF Stock Up 0.5%

Shares of IDLV traded up $0.17 during midday trading on Friday, reaching $34.80. 20,824 shares of the stock were exchanged, compared to its average volume of 39,185. The stock’s 50 day simple moving average is $35.83 and its 200 day simple moving average is $35.26. The company has a market cap of $325.38 million, a P/E ratio of 17.78 and a beta of 0.49. Invesco S&P International Developed Low Volatility ETF has a twelve month low of $32.50 and a twelve month high of $36.97.

Invesco S&P International Developed Low Volatility ETF Company Profile

The Invesco S&P International Developed Low Volatility ETF (IDLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of about 200 stocks showing low price volatility pulled from the S&P Developed ex-US and South Korea LargeMidCap BMI Index. IDLV was launched on Jan 13, 2012 and is managed by Invesco.