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

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 527,560 shares, an increase of 68.6% from the January 15th total of 312,982 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 4,241,184 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 4,241,184 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Invesco S&P 500 Top 50 ETF

A number of hedge funds have recently made changes to their positions in XLG. Jane Street Group LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 444.6% during the 1st quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock valued at $8,416,000 after acquiring an additional 149,290 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Invesco S&P 500 Top 50 ETF by 140.8% in the 2nd quarter. Blue Trust Inc. now owns 973 shares of the company’s stock valued at $51,000 after purchasing an additional 569 shares in the last quarter. CWM LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 5.2% in the 2nd quarter. CWM LLC now owns 90,282 shares of the company’s stock valued at $4,704,000 after purchasing an additional 4,501 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 18.4% during the second quarter. Sequoia Financial Advisors LLC now owns 22,220 shares of the company’s stock worth $1,158,000 after purchasing an additional 3,449 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in Invesco S&P 500 Top 50 ETF by 56.5% in the second quarter. Axxcess Wealth Management LLC now owns 24,889 shares of the company’s stock worth $1,297,000 after purchasing an additional 8,985 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG traded down $0.38 during trading on Friday, hitting $56.86. The company’s stock had a trading volume of 5,367,655 shares, compared to its average volume of 4,195,643. The company has a market capitalization of $11.06 billion, a PE ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63. The stock’s 50-day moving average price is $58.95 and its two-hundred day moving average price is $57.74.

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.