Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Short Interest Update

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 320,099 shares, a decrease of 14.6% from the February 12th total of 374,622 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 4,211,823 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 4,211,823 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

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

Shares of NYSEARCA:XLG opened at $55.76 on Monday. The firm has a 50 day simple moving average of $58.06 and a 200-day simple moving average of $58.14. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.50 and a twelve month high of $60.63. The company has a market capitalization of $10.85 billion, a PE ratio of 27.80 and a beta of 1.03.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Green Ridge Wealth Planning LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $12,782,000. Corient Private Wealth LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.2% during the fourth quarter. Corient Private Wealth LLC now owns 14,104 shares of the company’s stock worth $836,000 after buying an additional 441 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $1,529,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at approximately $204,000. Finally, Bush Investment Group LLC raised its stake in Invesco S&P 500 Top 50 ETF by 1.8% during the 4th quarter. Bush Investment Group LLC now owns 64,332 shares of the company’s stock valued at $3,814,000 after acquiring an additional 1,123 shares during the last quarter.

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.