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

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 291,625 shares, a decrease of 73.1% from the March 15th total of 1,084,710 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 4,686,725 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P 500 Top 50 ETF Trading Up 0.9%

Invesco S&P 500 Top 50 ETF stock traded up $0.49 during mid-day trading on Monday, hitting $57.48. 1,589,685 shares of the company’s stock were exchanged, compared to its average volume of 4,487,246. Invesco S&P 500 Top 50 ETF has a 1-year low of $41.65 and a 1-year high of $60.63. The stock has a 50 day moving average of $56.52 and a two-hundred day moving average of $57.99. The stock has a market cap of $10.22 billion, a P/E ratio of 27.80 and a beta of 1.05.

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

A number of hedge funds have recently bought and sold shares of XLG. MCF Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at about $27,000. Birchbrook Inc. bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $27,000. Deutsche Bank AG bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $27,000. Godsey & Gibb Inc. bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at about $30,000. Finally, Group One Trading LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after acquiring an additional 57,871 shares during the period.

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.