Short Interest in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Decreases By 16.6%

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 2,632,580 shares, a drop of 16.6% from the February 26th total of 3,157,097 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,449,555 shares, the days-to-cover ratio is currently 0.6 days.

Invesco S&P 500 Low Volatility ETF Price Performance

Shares of SPLV stock opened at $72.17 on Monday. The stock’s fifty day simple moving average is $74.60 and its 200 day simple moving average is $72.95. Invesco S&P 500 Low Volatility ETF has a one year low of $67.13 and a one year high of $77.74. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62.

Invesco S&P 500 Low Volatility ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.1346 dividend. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, February 23rd.

Institutional Investors Weigh In On Invesco S&P 500 Low Volatility ETF

A number of hedge funds have recently made changes to their positions in SPLV. Dominguez Wealth Management Solutions Inc. raised its position in shares of Invesco S&P 500 Low Volatility ETF by 7.4% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 145,913 shares of the company’s stock worth $10,722,000 after acquiring an additional 10,080 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Invesco S&P 500 Low Volatility ETF by 10.0% in the second quarter. Geneos Wealth Management Inc. now owns 105,818 shares of the company’s stock worth $7,706,000 after purchasing an additional 9,628 shares during the period. Armbruster Capital Management Inc. increased its position in Invesco S&P 500 Low Volatility ETF by 5.1% in the third quarter. Armbruster Capital Management Inc. now owns 482,394 shares of the company’s stock worth $35,446,000 after purchasing an additional 23,531 shares during the period. Asset Allocation Strategies LLC raised its holdings in Invesco S&P 500 Low Volatility ETF by 67.9% during the 3rd quarter. Asset Allocation Strategies LLC now owns 87,460 shares of the company’s stock worth $6,427,000 after purchasing an additional 35,371 shares during the last quarter. Finally, Clearstead Trust LLC bought a new stake in Invesco S&P 500 Low Volatility ETF during the 3rd quarter worth about $599,000.

Invesco S&P 500 Low Volatility ETF Company Profile

The Invesco S&P 500 Low Volatility ETF (SPLV) is an exchange-traded fund that is based on the S&P 500 Low Volatility index. The fund tracks a volatility-weighted index of the 100 least-volatile stocks in the S&P 500. SPLV was launched on May 5, 2011 and is managed by Invesco.