Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Short Interest Up 377.3% in March

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 10,864 shares, a growth of 377.3% from the March 15th total of 2,276 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,232 shares, the days-to-cover ratio is presently 0.3 days.

Invesco S&P MidCap Low Volatility ETF Trading Down 0.4%

Shares of NYSEARCA XMLV opened at $65.17 on Monday. Invesco S&P MidCap Low Volatility ETF has a 12 month low of $56.76 and a 12 month high of $67.39. The business has a 50-day moving average of $64.98 and a 200-day moving average of $63.74. The firm has a market capitalization of $744.24 million, a price-to-earnings ratio of 18.75 and a beta of 0.73.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XMLV. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P MidCap Low Volatility ETF by 1,305.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock valued at $66,665,000 after acquiring an additional 992,830 shares during the period. Merit Financial Group LLC lifted its holdings 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 valued at $8,496,000 after acquiring an additional 132,629 shares during the period. LPL Financial LLC lifted its holdings in 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 acquiring an additional 69,346 shares during the period. NewEdge Advisors LLC lifted its holdings in Invesco S&P MidCap Low Volatility ETF by 35.1% in the second quarter. NewEdge Advisors LLC now owns 96,201 shares of the company’s stock valued at $5,937,000 after acquiring an additional 24,996 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Invesco S&P MidCap Low Volatility ETF by 27.0% in the fourth quarter. Royal Bank of Canada now owns 94,582 shares of the company’s stock valued at $5,899,000 after acquiring an additional 20,127 shares during the period.

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.