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 October. As of October 15th, there was short interest totaling 792,600 shares, a decline of 31.1% from the September 30th total of 1,150,000 shares. Based on an average daily volume of 1,869,400 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 1,869,400 shares, the short-interest ratio is presently 0.4 days.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock traded up $0.23 during trading hours on Monday, hitting $60.13. The stock had a trading volume of 1,984,885 shares, compared to its average volume of 2,211,862. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63. The stock’s 50-day moving average price is $57.27 and its two-hundred day moving average price is $53.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XLG. SouthState Corp purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth about $28,000. MTM Investment Management LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the first quarter worth about $30,000. Y.D. More Investments Ltd boosted its position in shares of Invesco S&P 500 Top 50 ETF by 149.2% during the first quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock valued at $30,000 after buying an additional 388 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at approximately $31,000. Finally, LGT Financial Advisors LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 248.5% in the second quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock worth $41,000 after buying an additional 564 shares during the period.

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.