Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Short Interest Update

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) saw 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. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 14,226 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSD. Wells Fargo & Company MN increased its stake in Invesco S&P Spin-Off ETF by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,864 shares of the company’s stock worth $385,000 after acquiring an additional 109 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Invesco S&P Spin-Off ETF by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,362 shares of the company’s stock valued at $220,000 after purchasing an additional 152 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco S&P Spin-Off ETF by 2.4% during the 3rd quarter. Bank of America Corp DE now owns 10,449 shares of the company’s stock worth $973,000 after purchasing an additional 248 shares during the period. Fulcrum Equity Management grew its holdings in shares of Invesco S&P Spin-Off ETF by 13.4% during the 2nd quarter. Fulcrum Equity Management now owns 2,328 shares of the company’s stock worth $349,000 after purchasing an additional 275 shares during the period. Finally, Osaic Holdings Inc. increased its position in 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 purchasing an additional 368 shares in the last quarter.

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

Shares of NYSEARCA CSD traded up $1.39 during trading on Friday, hitting $139.63. 17,545 shares of the company traded hands, compared to its average volume of 12,163. The firm has a market capitalization of $237.37 million, a P/E ratio of 20.37 and a beta of 1.13. The company has a 50-day moving average price of $139.27 and a 200-day moving average price of $127.92. Invesco S&P Spin-Off ETF has a 1 year low of $86.17 and a 1 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).