Short Interest in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Drops By 29.0%

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 374,622 shares, a drop of 29.0% from the January 29th total of 527,560 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,396,583 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 5,396,583 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Invesco S&P 500 Top 50 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Curtis Advisory Group LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 0.5% during the third quarter. Curtis Advisory Group LLC now owns 35,966 shares of the company’s stock worth $2,069,000 after acquiring an additional 171 shares during the period. Great Diamond Partners LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 1.0% in the 4th quarter. Great Diamond Partners LLC now owns 18,199 shares of the company’s stock worth $1,079,000 after purchasing an additional 175 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 18.0% in the 3rd quarter. Rothschild Investment LLC now owns 1,180 shares of the company’s stock worth $68,000 after purchasing an additional 180 shares during the last quarter. Diversified Enterprises LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 0.5% in the 4th quarter. Diversified Enterprises LLC now owns 33,492 shares of the company’s stock worth $1,985,000 after purchasing an additional 180 shares in the last quarter. Finally, Horizon Wealth Management LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 1.0% during the fourth quarter. Horizon Wealth Management LLC now owns 19,032 shares of the company’s stock valued at $1,128,000 after purchasing an additional 180 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $57.12 on Friday. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63. The firm has a market capitalization of $11.11 billion, a PE ratio of 27.80 and a beta of 1.03. The company’s 50 day simple moving average is $58.61 and its 200 day simple moving average is $57.98.

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.