Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Short Interest Up 68.5% in January

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 22,456 shares, a growth of 68.5% from the January 15th total of 13,330 shares. Based on an average daily volume of 5,949 shares, the days-to-cover ratio is currently 3.8 days. Approximately 2.7% of the shares of the company are short sold. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 5,949 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Investors Weigh In On Invesco S&P Spin-Off ETF

Several institutional investors and hedge funds have recently bought and sold shares of CSD. Redmont Wealth Advisors LLC acquired a new position in Invesco S&P Spin-Off ETF in the third quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new stake in shares of Invesco S&P Spin-Off ETF during the 4th quarter worth approximately $49,000. Osaic Holdings Inc. lifted its holdings in shares of Invesco S&P Spin-Off ETF by 50.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,104 shares of the company’s stock worth $93,000 after purchasing an additional 368 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Invesco S&P Spin-Off ETF during the 3rd quarter valued at approximately $160,000. Finally, Raymond James Financial Inc. acquired a new position in Invesco S&P Spin-Off ETF during the 2nd quarter valued at approximately $185,000.

Invesco S&P Spin-Off ETF Price Performance

CSD stock opened at $115.69 on Monday. The firm has a market cap of $96.02 million, a price-to-earnings ratio of 20.37 and a beta of 1.18. Invesco S&P Spin-Off ETF has a 1-year low of $63.06 and a 1-year high of $117.67. The firm has a fifty day moving average price of $107.08 and a two-hundred day moving average price of $97.78.

About Invesco S&P Spin-Off ETF

Guggenheim Spin-Off ETF, formerly Claymore/Beacon Spin-Off ETF, seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Beacon Spin-off Index (the Index). The Fund will invest at least 90% of its total assets in common stock, American depositary receipts (ADRs) and master limited partnerships (MLPs) that comprise the Index and depositary receipts representing common stocks included in the Index (or underlying securities representing ADRs included in the Index).