Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Short Interest Update
by Teresa Graham · The Cerbat GemInvesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Free Report) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 374,622 shares, a decline of 29.0% from the January 29th total of 527,560 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 5,396,583 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 5,396,583 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in XLG. Jane Street Group LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 444.6% during the first quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock valued at $8,416,000 after purchasing an additional 149,290 shares in the last quarter. Savvy Advisors Inc. purchased a new position in Invesco S&P 500 Top 50 ETF during the second quarter valued at $210,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 67.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 11,383 shares of the company’s stock valued at $593,000 after buying an additional 4,568 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Invesco S&P 500 Top 50 ETF by 50.5% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 253,078 shares of the company’s stock worth $13,185,000 after buying an additional 84,933 shares during the period. Finally, TIAA Trust National Association increased its stake in shares of Invesco S&P 500 Top 50 ETF by 15.2% in the 2nd quarter. TIAA Trust National Association now owns 7,351 shares of the company’s stock worth $383,000 after acquiring an additional 971 shares in the last quarter.
Invesco S&P 500 Top 50 ETF Stock Down 0.4%
Shares of XLG traded down $0.25 during trading hours on Tuesday, reaching $56.91. 7,791,319 shares of the company traded hands, compared to its average volume of 4,322,378. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63. The company’s fifty day moving average price is $58.51 and its two-hundred day moving average price is $58.02. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.
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.