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

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 399,840 shares, a drop 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. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company 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 Price Performance

Invesco S&P 500 Top 50 ETF stock opened at $59.98 on Friday. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63. The business has a 50 day simple moving average of $59.08 and a 200-day simple moving average of $56.09. The stock has a market capitalization of $11.53 billion, a PE ratio of 27.80 and a beta of 1.03.

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

A number of large investors have recently bought and sold shares of the company. Soundwatch Capital LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter worth about $1,790,000. JPMorgan Chase & Co. boosted its holdings in Invesco S&P 500 Top 50 ETF by 53.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock valued at $217,805,000 after purchasing an additional 1,321,856 shares in the last quarter. Principle Wealth Partners LLC increased its position in Invesco S&P 500 Top 50 ETF by 85.0% during the 2nd quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock worth $139,744,000 after purchasing an additional 1,232,337 shares during the period. Ameriprise Financial Inc. increased its position in Invesco S&P 500 Top 50 ETF by 46.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock worth $132,108,000 after purchasing an additional 729,356 shares during the period. Finally, CW Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 1,645.5% during the 2nd quarter. CW Advisors LLC now owns 719,865 shares of the company’s stock worth $37,505,000 after buying an additional 678,624 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.