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 decrease in short interest in 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. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 1,020,985 shares, the days-to-cover ratio is presently 0.3 days.

Invesco S&P 500 Top 50 ETF Trading Up 2.5%

XLG opened at $60.13 on Friday. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $64.77. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The company has a fifty day simple moving average of $61.57 and a 200 day simple moving average of $59.47.

Hedge Funds Weigh In On Invesco S&P 500 Top 50 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Birchbrook Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $27,000. Deutsche Bank AG purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $27,000. Godsey & Gibb Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $30,000. Group One Trading LLC grew its stake in Invesco S&P 500 Top 50 ETF by 100.9% during the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after purchasing an additional 57,871 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at approximately $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.