Short Interest in Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Declines By 27.8%

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 10,435 shares, a drop of 27.8% from the December 15th total of 14,449 shares. Based on an average daily volume of 975 shares, the short-interest ratio is currently 10.7 days. Currently, 1.3% of the company’s shares are sold short. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 975 shares, the short-interest ratio is currently 10.7 days.

Invesco S&P Spin-Off ETF Stock Performance

NYSEARCA:CSD traded up $0.15 during trading hours on Friday, hitting $111.72. The stock had a trading volume of 10,139 shares, compared to its average volume of 3,222. The business’s 50 day moving average is $100.96 and its 200-day moving average is $93.93. The company has a market cap of $92.73 million, a price-to-earnings ratio of 20.37 and a beta of 1.18. Invesco S&P Spin-Off ETF has a one year low of $63.06 and a one year high of $112.30.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of CSD. Private Advisor Group LLC bought a new stake in Invesco S&P Spin-Off ETF during the third quarter worth about $4,675,000. Fulcrum Equity Management bought a new stake in shares of Invesco S&P Spin-Off ETF during the 4th quarter worth approximately $259,000. Ameriprise Financial Inc. bought a new position in shares of Invesco S&P Spin-Off ETF in the second quarter valued at $211,000. Citizens Financial Group Inc. RI acquired a new position in Invesco S&P Spin-Off ETF during the third quarter worth $214,000. Finally, Raymond James Financial Inc. acquired a new position in Invesco S&P Spin-Off ETF during the second quarter worth $185,000.

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).