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

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the target of a significant 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 daily 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.

Invesco S&P Spin-Off ETF Stock Up 1.0%

Shares of NYSEARCA:CSD traded up $1.39 during midday trading on Friday, reaching $139.63. The company’s stock had a trading volume of 17,545 shares, compared to its average volume of 12,163. The firm has a market cap of $237.37 million, a price-to-earnings ratio of 20.37 and a beta of 1.13. Invesco S&P Spin-Off ETF has a 1 year low of $86.17 and a 1 year high of $150.43. The business has a 50 day moving average price of $139.27 and a 200 day moving average price of $127.92.

Institutional Trading of Invesco S&P Spin-Off ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P Spin-Off ETF during the 2nd quarter valued at about $185,000. Ameriprise Financial Inc. acquired a new stake in shares of Invesco S&P Spin-Off ETF in the second quarter worth approximately $211,000. Osaic Holdings Inc. grew its holdings in Invesco S&P Spin-Off ETF by 50.0% in the second quarter. Osaic Holdings Inc. now owns 1,104 shares of the company’s stock valued at $93,000 after purchasing an additional 368 shares during the period. JPMorgan Chase & Co. purchased a new stake in Invesco S&P Spin-Off ETF in the third quarter valued at approximately $160,000. Finally, Private Advisor Group LLC purchased a new stake in Invesco S&P Spin-Off ETF in the third quarter valued at approximately $4,675,000.

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).