Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Short Interest Down 32.9% in July

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 283,816 shares, a decrease of 32.9% from the June 30th total of 422,703 shares. Based on an average daily volume of 1,020,985 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Invesco S&P 500 Top 50 ETF Trading Up 1.1%

Shares of Invesco S&P 500 Top 50 ETF stock traded up $0.64 during mid-day trading on Friday, reaching $60.77. 1,148,782 shares of the stock were exchanged, compared to its average volume of 3,002,724. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The firm has a 50-day simple moving average of $61.52 and a 200 day simple moving average of $59.48. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $52.60 and a fifty-two week high of $64.77.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Several hedge funds have recently modified their holdings of XLG. Birchbrook Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth $27,000. Deutsche Bank AG acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $27,000. Godsey & Gibb Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $30,000. Group One Trading LLC raised its position 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 acquiring an additional 57,871 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $38,000.

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.