Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Stock Short Interest Declines 52.5%

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 5,189 shares, a drop of 52.5% from the October 15th total of 10,913 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 26,858 shares, the days-to-cover ratio is presently 0.2 days.

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

A number of institutional investors have recently made changes to their positions in XMLV. DORVAL Corp increased its position in shares of Invesco S&P MidCap Low Volatility ETF by 1.7% during the second quarter. DORVAL Corp now owns 266,274 shares of the company’s stock valued at $17,662,000 after acquiring an additional 4,543 shares in the last quarter. Brookstone Capital Management purchased a new position in Invesco S&P MidCap Low Volatility ETF in the 3rd quarter worth approximately $17,070,000. Commonwealth Equity Services LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF in the 3rd quarter worth approximately $9,645,000. CX Institutional lifted its position in Invesco S&P MidCap Low Volatility ETF by 28,361.1% in the 3rd quarter. CX Institutional now owns 116,975 shares of the company’s stock valued at $7,366,000 after acquiring an additional 116,564 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Invesco S&P MidCap Low Volatility ETF by 19.0% in the 1st quarter. Cetera Investment Advisers now owns 105,074 shares of the company’s stock valued at $6,616,000 after acquiring an additional 16,793 shares in the last quarter.

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

NYSEARCA:XMLV traded up $0.31 on Friday, reaching $67.05. 11,321 shares of the stock traded hands, compared to its average volume of 22,385. The company has a market capitalization of $733.53 million, a price-to-earnings ratio of 16.49 and a beta of 0.67. Invesco S&P MidCap Low Volatility ETF has a 12 month low of $61.93 and a 12 month high of $70.21. The company’s fifty day simple moving average is $65.29 and its 200 day simple moving average is $65.81.

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.