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

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 724,694 shares, an increase of 81.2% from the December 15th total of 399,840 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 2,029,996 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 2,029,996 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG opened at $58.93 on Friday. The company has a market capitalization of $11.54 billion, a PE ratio of 27.80 and a beta of 1.03. The stock has a fifty day moving average of $59.14 and a 200-day moving average of $56.90. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63.

Institutional Investors Weigh In On Invesco S&P 500 Top 50 ETF

Hedge funds have recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in Invesco S&P 500 Top 50 ETF during the 3rd quarter worth approximately $27,000. Harbor Asset Planning Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth about $31,000. LGT Financial Advisors LLC grew its stake in Invesco S&P 500 Top 50 ETF by 248.5% during the 2nd quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock valued at $41,000 after acquiring an additional 564 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $47,000. Finally, New Republic Capital LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 90.5% in the third quarter. New Republic Capital LLC now owns 960 shares of the company’s stock worth $55,000 after purchasing an additional 456 shares in the last quarter.

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.