Short Interest in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Rises By 23.2%

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 448,500 shares, a growth of 23.2% from the August 15th total of 364,100 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,420,100 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 1,420,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco S&P 500 Top 50 ETF

Large investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC raised its position in Invesco S&P 500 Top 50 ETF by 26.0% during the first quarter. Golden State Wealth Management LLC now owns 1,463 shares of the company’s stock worth $67,000 after acquiring an additional 302 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 130.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock valued at $115,324,000 after buying an additional 1,417,535 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 12.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 8,095 shares of the company’s stock valued at $373,000 after buying an additional 902 shares during the last quarter. Comprehensive Financial Planning Inc. PA raised its position in shares of Invesco S&P 500 Top 50 ETF by 25.4% in the first quarter. Comprehensive Financial Planning Inc. PA now owns 91,580 shares of the company’s stock valued at $4,215,000 after buying an additional 18,538 shares during the last quarter. Finally, Wolf Group Capital Advisors raised its position in shares of Invesco S&P 500 Top 50 ETF by 792.5% in the first quarter. Wolf Group Capital Advisors now owns 318,090 shares of the company’s stock valued at $14,639,000 after buying an additional 282,448 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $57.61 on Friday. The firm has a fifty day moving average price of $54.69 and a 200 day moving average price of $50.16. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $57.67. The stock has a market cap of $10.54 billion, a P/E ratio of 27.80 and a beta of 1.00.

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.