Short Interest in Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Expands By 57.0%

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 1,223 shares, an increase of 57.0% from the January 15th total of 779 shares. Based on an average daily volume of 23,125 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 23,125 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco S&P MidCap Low Volatility ETF

Several hedge funds and other institutional investors have recently modified their holdings of XMLV. Northwestern Mutual Wealth Management Co. increased its stake in 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 purchasing an additional 992,830 shares in the last quarter. Merit Financial Group LLC lifted its position in Invesco S&P MidCap Low Volatility ETF by 3,691.3% during the 4th 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 during the period. MorganRosel Wealth Management LLC grew its stake in Invesco S&P MidCap Low Volatility ETF by 655.5% during the 2nd quarter. MorganRosel Wealth Management LLC now owns 97,900 shares of the company’s stock valued at $6,037,000 after purchasing an additional 84,941 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 11.4% in the fourth quarter. LPL Financial LLC now owns 675,286 shares of the company’s stock valued at $42,116,000 after purchasing an additional 69,346 shares during the period. Finally, Laurel Wealth Advisors LLC raised its stake in shares of Invesco S&P MidCap Low Volatility ETF by 6,067.1% in the second quarter. Laurel Wealth Advisors LLC now owns 39,346 shares of the company’s stock worth $2,426,000 after purchasing an additional 38,708 shares during the last quarter.

Invesco S&P MidCap Low Volatility ETF Stock Performance

Shares of Invesco S&P MidCap Low Volatility ETF stock traded up $0.41 on Friday, hitting $66.32. 15,551 shares of the company traded hands, compared to its average volume of 31,145. The business has a 50-day simple moving average of $63.80 and a 200 day simple moving average of $63.22. Invesco S&P MidCap Low Volatility ETF has a 52 week low of $54.58 and a 52 week high of $66.57. The stock has a market capitalization of $779.92 million, a P/E ratio of 18.75 and a beta of 0.76.

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.