Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Sees Significant Decrease in Short Interest

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,133 shares, a drop of 58.0% from the July 15th total of 19,346 shares. Based on an average trading volume of 14,226 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the company’s shares are short sold.

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

Several hedge funds and other institutional investors have recently bought and sold shares of CSD. Raymond James Financial Inc. acquired a new position in Invesco S&P Spin-Off ETF in the 2nd quarter valued at about $185,000. Ameriprise Financial Inc. acquired a new stake in shares of Invesco S&P Spin-Off ETF during the 2nd quarter worth approximately $211,000. Osaic Holdings Inc. increased its holdings in shares of Invesco S&P Spin-Off ETF by 50.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,104 shares of the company’s stock worth $93,000 after buying an additional 368 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Invesco S&P Spin-Off ETF during the 3rd quarter worth approximately $160,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Invesco S&P Spin-Off ETF during the 3rd quarter valued at approximately $4,675,000.

Invesco S&P Spin-Off ETF Stock Performance

Shares of NYSEARCA CSD traded up $1.39 during trading on Friday, hitting $139.63. 17,545 shares of the company were exchanged, compared to its average volume of 12,163. Invesco S&P Spin-Off ETF has a 12-month low of $86.17 and a 12-month high of $150.43. The company has a fifty day moving average price of $139.27 and a 200-day moving average price of $128.04. The firm has a market capitalization of $237.37 million, a PE ratio of 20.37 and a beta of 1.13.

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).