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 increase in short interest in January. As of January 30th, there was short interest totaling 527,560 shares, an increase of 68.6% from the January 15th total of 312,982 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 4,241,184 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 4,241,184 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $56.86 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63. The firm has a market capitalization of $11.06 billion, a P/E ratio of 27.80 and a beta of 1.03. The company’s 50 day moving average price is $58.95 and its two-hundred day moving average price is $57.71.

Institutional Investors Weigh In On Invesco S&P 500 Top 50 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC raised its position in Invesco S&P 500 Top 50 ETF by 284.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 20,364 shares of the company’s stock worth $1,171,000 after purchasing an additional 15,067 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $869,000. Retirement Planning Group LLC NY acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at about $533,000. AE Wealth Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 71.4% during the second quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock worth $6,587,000 after acquiring an additional 52,645 shares during the last quarter. Finally, Cannon Advisors Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 40.4% during the third quarter. Cannon Advisors Inc. now owns 29,829 shares of the company’s stock worth $1,732,000 after acquiring an additional 8,584 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.