Short Interest in Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Grows By 68.5%

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 22,456 shares, an increase of 68.5% from the January 15th total of 13,330 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 5,949 shares, the days-to-cover ratio is currently 3.8 days. Based on an average trading volume of 5,949 shares, the days-to-cover ratio is currently 3.8 days. Approximately 2.7% of the company’s stock are sold short.

Invesco S&P Spin-Off ETF Price Performance

CSD stock traded up $1.80 during mid-day trading on Friday, reaching $115.69. The company had a trading volume of 3,623 shares, compared to its average volume of 4,881. The company has a market capitalization of $96.02 million, a price-to-earnings ratio of 20.37 and a beta of 1.18. Invesco S&P Spin-Off ETF has a 52 week low of $63.06 and a 52 week high of $117.67. The stock has a 50 day simple moving average of $107.08 and a two-hundred day simple moving average of $97.78.

Institutional Trading of Invesco S&P Spin-Off ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSD. Redmont Wealth Advisors LLC acquired a new stake in Invesco S&P Spin-Off ETF in the third quarter valued at $42,000. Kestra Advisory Services LLC bought a new stake in Invesco S&P Spin-Off ETF in the fourth quarter valued at approximately $49,000. Osaic Holdings Inc. lifted its position in shares of 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 buying an additional 368 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Invesco S&P Spin-Off ETF during the 3rd quarter worth approximately $160,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Invesco S&P Spin-Off ETF during the 2nd quarter worth approximately $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).