Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 320,099 shares, a drop of 14.6% from the February 12th total of 374,622 shares. Based on an average daily volume of 4,211,823 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 4,211,823 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Birchbrook Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $27,000. Deutsche Bank AG acquired a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter worth $27,000. MCF Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth $27,000. Group One Trading LLC grew its holdings in shares of 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 purchasing an additional 57,871 shares during the last quarter. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $30,000.
Invesco S&P 500 Top 50 ETF Stock Up 1.1%
NYSEARCA:XLG opened at $56.37 on Tuesday. The firm has a market cap of $10.96 billion, a PE ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63. The company’s 50-day moving average price is $58.00 and its two-hundred day moving average price is $58.15.
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.
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