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 December. As of December 31st, there was short interest totaling 724,694 shares, a growth of 81.2% from the December 15th total of 399,840 shares. Based on an average daily volume of 2,029,996 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 2,029,996 shares, the days-to-cover ratio is presently 0.4 days.

Invesco S&P 500 Top 50 ETF Stock Down 0.1%

Shares of NYSEARCA XLG traded down $0.04 during mid-day trading on Thursday, hitting $58.93. 2,911,524 shares of the company were exchanged, compared to its average volume of 2,949,251. The stock has a 50 day simple moving average of $59.13 and a 200-day simple moving average of $56.88. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year high of $60.63. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Curtis Advisory Group LLC increased its stake in shares of 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. Rothschild Investment LLC boosted its holdings in 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 valued at $68,000 after purchasing an additional 180 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Invesco S&P 500 Top 50 ETF by 0.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 22,335 shares of the company’s stock worth $1,164,000 after purchasing an additional 188 shares during the period. Level Four Advisory Services LLC increased its position in Invesco S&P 500 Top 50 ETF by 4.0% during the 3rd quarter. Level Four Advisory Services LLC now owns 5,052 shares of the company’s stock worth $291,000 after purchasing an additional 192 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Invesco S&P 500 Top 50 ETF by 1.2% during the 3rd quarter. IFP Advisors Inc now owns 16,104 shares of the company’s stock worth $926,000 after buying an additional 196 shares in the last quarter.

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.