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

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XMLV. Basepoint Wealth LLC purchased a new stake in Invesco S&P MidCap Low Volatility ETF in the fourth quarter valued at approximately $29,000. Flagship Harbor Advisors LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth approximately $33,000. Geneos Wealth Management Inc. raised its stake in Invesco S&P MidCap Low Volatility ETF by 254.8% during the first quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $39,000 after purchasing an additional 451 shares during the period. Laurel Wealth Advisors LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth approximately $40,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 172.8% in the 3rd quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock valued at $40,000 after purchasing an additional 394 shares during the last quarter.

Invesco S&P MidCap Low Volatility ETF Trading Up 0.8%

NYSEARCA XMLV opened at $67.63 on Tuesday. The business’s 50-day moving average price is $65.43 and its 200 day moving average price is $64.93. Invesco S&P MidCap Low Volatility ETF has a twelve month low of $60.63 and a twelve month high of $68.10. The company has a market capitalization of $745.96 million, a PE ratio of 18.75 and a beta of 0.69.

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.