Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Short Interest Up 238.9% in March

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,084,710 shares, a growth of 238.9% from the February 26th total of 320,099 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 7,188,339 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $1,529,000. Rockefeller Capital Management L.P. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 3.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 320,335 shares of the company’s stock valued at $18,989,000 after acquiring an additional 11,961 shares during the period. Green Ridge Wealth Planning LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $12,782,000. Corient Private Wealth LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 3.2% during the 4th quarter. Corient Private Wealth LLC now owns 14,104 shares of the company’s stock worth $836,000 after acquiring an additional 441 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $204,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG traded down $0.90 during trading on Thursday, hitting $54.12. 2,036,366 shares of the company were exchanged, compared to its average volume of 4,771,025. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $60.63. The firm’s fifty day moving average price is $57.42 and its 200 day moving average price is $58.14.

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.