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

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,084,710 shares, a growth of 238.9% from the February 26th total of 320,099 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 7,188,339 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 7,188,339 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MCF Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF in the third quarter worth approximately $27,000. Birchbrook Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $27,000. Deutsche Bank AG purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth $27,000. Godsey & Gibb Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth $30,000. Finally, Group One Trading LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 100.9% in the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock worth $30,000 after purchasing an additional 57,871 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 0.8%

Shares of Invesco S&P 500 Top 50 ETF stock traded up $0.45 during trading hours on Wednesday, reaching $55.08. 5,099,994 shares of the stock traded hands, compared to its average volume of 4,801,001. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The company has a 50 day moving average price of $57.50 and a 200 day moving average price of $58.16.

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.