Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Short Interest Up 81.2% in December

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 724,694 shares, an increase of 81.2% from the December 15th total of 399,840 shares. Based on an average daily trading volume, of 2,029,996 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,029,996 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock traded down $0.08 during mid-day trading on Friday, reaching $58.85. The company had a trading volume of 2,593,677 shares, compared to its average volume of 2,916,952. 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 company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The firm has a fifty day simple moving average of $59.15 and a 200 day simple moving average of $56.94.

Institutional Trading of Invesco S&P 500 Top 50 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of XLG. Aspire Capital Advisors LLC increased its stake in Invesco S&P 500 Top 50 ETF by 27.0% in the 4th quarter. Aspire Capital Advisors LLC now owns 169,834 shares of the company’s stock valued at $10,068,000 after buying an additional 36,134 shares during the period. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $214,000. Tempus Wealth Planning LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 19.3% during the fourth quarter. Tempus Wealth Planning LLC now owns 20,506 shares of the company’s stock worth $1,216,000 after acquiring an additional 3,311 shares during the period. Catalina Capital Group LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 44.5% during the fourth quarter. Catalina Capital Group LLC now owns 24,709 shares of the company’s stock worth $1,465,000 after purchasing an additional 7,610 shares in the last quarter. Finally, Retireful LLC purchased a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $814,000.

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.