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 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 volume of 18,011 shares, the short-interest ratio is presently 1.1 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in Invesco S&P Spin-Off ETF during the third quarter valued at $4,675,000. Bank of America Corp DE lifted its holdings in shares of Invesco S&P Spin-Off ETF by 92.8% in the 1st quarter. Bank of America Corp DE now owns 19,148 shares of the company’s stock worth $2,157,000 after acquiring an additional 9,214 shares during the last quarter. Del Sette Capital Management LLC bought a new stake in shares of Invesco S&P Spin-Off ETF in the 1st quarter worth about $779,000. Ameriprise Financial Inc. purchased a new position in shares of Invesco S&P Spin-Off ETF during the 2nd quarter worth about $211,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Invesco S&P Spin-Off ETF during the 2nd quarter worth about $185,000.

Invesco S&P Spin-Off ETF Price Performance

Shares of NYSEARCA:CSD traded down $1.47 during trading on Tuesday, hitting $133.06. The company had a trading volume of 2,501 shares, compared to its average volume of 11,777. The stock has a market cap of $220.88 million, a price-to-earnings ratio of 20.37 and a beta of 1.12. The company has a fifty day simple moving average of $139.73 and a two-hundred day simple moving average of $125.58. Invesco S&P Spin-Off ETF has a one year low of $84.12 and a one year high of $150.43.

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).