Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Short Interest Down 14.6% in February

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 320,099 shares, a decrease of 14.6% from the February 12th total of 374,622 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 4,211,823 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 4,211,823 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Invesco S&P 500 Top 50 ETF Stock Down 1.1%

Shares of NYSEARCA XLG traded down $0.64 during midday trading on Wednesday, hitting $55.74. The stock had a trading volume of 1,805,990 shares, compared to its average volume of 4,726,233. The company has a market capitalization of $10.84 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 company has a fifty day moving average price of $57.94 and a 200 day moving average price of $58.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XLG. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after acquiring an additional 856,661 shares during the period. Morgan Stanley boosted its position in Invesco S&P 500 Top 50 ETF by 2.1% during the 4th quarter. Morgan Stanley now owns 6,977,609 shares of the company’s stock worth $413,633,000 after purchasing an additional 144,276 shares during the period. Bank of America Corp DE increased its holdings in Invesco S&P 500 Top 50 ETF by 7.4% in the 3rd quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock valued at $244,364,000 after purchasing an additional 291,048 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco S&P 500 Top 50 ETF by 1.4% in the 4th quarter. JPMorgan Chase & Co. now owns 3,841,051 shares of the company’s stock valued at $227,698,000 after purchasing an additional 54,449 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Invesco S&P 500 Top 50 ETF by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,812,317 shares of the company’s stock valued at $225,994,000 after purchasing an additional 52,644 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.