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

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 19,346 shares, a decrease of 49.4% from the June 30th total of 38,234 shares. Based on an average daily trading volume, of 18,011 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.2% of the company’s shares are sold short.

Invesco S&P Spin-Off ETF Stock Down 1.1%

CSD traded down $1.47 during trading hours on Tuesday, reaching $133.06. 2,501 shares of the company’s stock traded hands, compared to its average volume of 11,777. The firm has a 50-day moving average price of $139.73 and a 200 day moving average price of $125.58. Invesco S&P Spin-Off ETF has a 52-week low of $84.12 and a 52-week high of $150.43. The firm has a market capitalization of $220.88 million, a PE ratio of 20.37 and a beta of 1.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CSD. Kestra Advisory Services LLC bought a new stake in Invesco S&P Spin-Off ETF during the 4th quarter valued at about $49,000. Osaic Holdings Inc. grew its stake in 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 acquiring an additional 368 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Invesco S&P Spin-Off ETF in the 3rd quarter worth about $160,000. First National Bank Sioux Falls purchased a new position in shares of Invesco S&P Spin-Off ETF during the first quarter worth approximately $219,000. Finally, Cetera Investment Advisers bought a new stake in shares of Invesco S&P Spin-Off ETF during the first quarter valued at approximately $203,000.

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).