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

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 2,276 shares, a drop of 45.2% from the February 26th total of 4,156 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 16,858 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco S&P MidCap Low Volatility ETF

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P MidCap Low Volatility ETF by 1,305.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock valued at $66,665,000 after buying an additional 992,830 shares in the last quarter. Merit Financial Group LLC grew its position in Invesco S&P MidCap Low Volatility ETF by 3,691.3% in the fourth quarter. Merit Financial Group LLC now owns 136,222 shares of the company’s stock worth $8,496,000 after acquiring an additional 132,629 shares in the last quarter. LPL Financial LLC increased its stake in Invesco S&P MidCap Low Volatility ETF by 11.4% during the fourth quarter. LPL Financial LLC now owns 675,286 shares of the company’s stock worth $42,116,000 after acquiring an additional 69,346 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in Invesco S&P MidCap Low Volatility ETF by 6,067.1% during the second quarter. Laurel Wealth Advisors LLC now owns 39,346 shares of the company’s stock worth $2,426,000 after acquiring an additional 38,708 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Invesco S&P MidCap Low Volatility ETF by 25.5% during the second quarter. JPMorgan Chase & Co. now owns 140,226 shares of the company’s stock valued at $8,648,000 after purchasing an additional 28,497 shares during the period.

Invesco S&P MidCap Low Volatility ETF Stock Performance

Shares of NYSEARCA XMLV opened at $62.74 on Friday. The company has a market cap of $737.82 million, a P/E ratio of 18.75 and a beta of 0.76. Invesco S&P MidCap Low Volatility ETF has a 52-week low of $54.58 and a 52-week high of $67.39. The firm’s fifty day moving average is $65.07 and its two-hundred day moving average is $63.71.

Invesco S&P MidCap Low Volatility ETF Company Profile

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.