Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Short Interest Update

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 676,261 shares, an increase of 170.4% from the July 30th total of 250,087 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 821,796 shares, the days-to-cover ratio is presently 0.8 days.

Invesco S&P 500 Top 50 ETF Trading Down 0.0%

Shares of XLG opened at $62.64 on Friday. Invesco S&P 500 Top 50 ETF has a 12-month low of $52.60 and a 12-month high of $64.77. The firm has a market capitalization of $10.92 billion, a P/E ratio of 27.80 and a beta of 1.06. The firm has a 50-day moving average price of $61.46 and a 200 day moving average price of $60.02.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Hedge funds have recently made changes to their positions in the company. Birch Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at approximately $27,000. Birchbrook Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter worth approximately $27,000. Deutsche Bank AG acquired a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth $27,000. Group One Trading LLC increased its stake in Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after acquiring an additional 57,871 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $38,000.

Invesco S&P 500 Top 50 ETF Company Profile

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.