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 large drop in short interest during the month of January. As of January 15th, there was short interest totaling 312,982 shares, a drop of 56.8% from the December 31st total of 724,694 shares. Based on an average daily volume of 2,949,343 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,949,343 shares, the short-interest ratio is currently 0.1 days.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG remained flat at $59.01 during trading on Friday. The company’s stock had a trading volume of 8,029,380 shares, compared to its average volume of 3,595,214. 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 capitalization of $11.49 billion, a PE ratio of 27.80 and a beta of 1.03. The firm’s fifty day simple moving average is $59.20 and its 200 day simple moving average is $57.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter worth approximately $27,000. Godsey & Gibb Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $30,000. Harbor Asset Planning Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at $31,000. LGT Financial Advisors LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 248.5% in the second quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock worth $41,000 after purchasing an additional 564 shares during the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at approximately $47,000.

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.