Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Large Drop in Short Interest

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 399,840 shares, a decline of 35.5% from the November 30th total of 620,028 shares. Based on an average daily volume of 2,599,372 shares, the days-to-cover ratio is currently 0.2 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 2,599,372 shares, the days-to-cover ratio is currently 0.2 days.

Invesco S&P 500 Top 50 ETF Trading Down 0.0%

Shares of NYSEARCA:XLG traded down $0.02 during trading on Tuesday, reaching $59.70. The company had a trading volume of 878,726 shares, compared to its average volume of 2,426,134. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63. The stock has a market capitalization of $11.48 billion, a P/E ratio of 27.80 and a beta of 1.03. The company has a fifty day moving average of $59.11 and a two-hundred day moving average of $56.19.

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

Institutional investors have recently modified their holdings of the company. AE Wealth Management LLC increased its position in Invesco S&P 500 Top 50 ETF by 71.4% during the 2nd quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock valued at $6,587,000 after purchasing an additional 52,645 shares during the period. M Holdings Securities Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $656,000. Apeiron RIA LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 78.1% during the third quarter. Apeiron RIA LLC now owns 103,493 shares of the company’s stock valued at $5,956,000 after buying an additional 45,399 shares during the period. Avestar Capital LLC raised its stake in Invesco S&P 500 Top 50 ETF by 14.8% in the second quarter. Avestar Capital LLC now owns 210,218 shares of the company’s stock worth $10,952,000 after buying an additional 27,160 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the second quarter worth about $1,216,000.

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.