Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Significant Decrease in Short Interest

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 320,099 shares, a decline of 14.6% from the February 12th total of 374,622 shares. Based on an average trading volume of 4,211,823 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 4,211,823 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco S&P 500 Top 50 ETF

Several large investors have recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock worth $684,942,000 after acquiring an additional 856,661 shares in the last quarter. Morgan Stanley increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.1% in the 4th quarter. Morgan Stanley now owns 6,977,609 shares of the company’s stock valued at $413,633,000 after acquiring an additional 144,276 shares during the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Top 50 ETF by 7.4% during the 3rd quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock worth $244,364,000 after acquiring an additional 291,048 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Top 50 ETF by 1.4% during the 4th quarter. JPMorgan Chase & Co. now owns 3,841,051 shares of the company’s stock worth $227,698,000 after acquiring an additional 54,449 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Invesco S&P 500 Top 50 ETF by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,812,317 shares of the company’s stock worth $225,994,000 after purchasing an additional 52,644 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 1.1%

Shares of NYSEARCA:XLG opened at $55.76 on Monday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $60.63. The company’s 50 day moving average is $58.06 and its two-hundred day moving average is $58.14. The company has a market cap of $10.85 billion, a PE ratio of 27.80 and a beta of 1.03.

About Invesco S&P 500 Top 50 ETF

Guggenheim Russell Top 50 Mega Cap ETF (the Fund), formerly Rydex Russell Top 50 ETF, seeks to replicate as closely as possible the performance of the Russell Top 50 Index (the Index). The Index is an unmanaged capitalization-weighted index consisting of the 50 largest companies in the Russell 3000 Index. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.