Short Interest in Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Declines By 58.0%

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 8,133 shares, a decline of 58.0% from the July 15th total of 19,346 shares. Based on an average trading volume of 14,226 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the shares of the company are sold short.

Invesco S&P Spin-Off ETF Stock Down 0.0%

CSD traded down $0.05 during trading on Monday, hitting $139.58. The company’s stock had a trading volume of 1,517 shares, compared to its average volume of 12,091. Invesco S&P Spin-Off ETF has a one year low of $86.17 and a one year high of $150.43. The firm has a market cap of $237.29 million, a PE ratio of 20.37 and a beta of 1.13. The business’s 50 day simple moving average is $139.27 and its 200-day simple moving average is $128.04.

Institutional Trading of Invesco S&P Spin-Off ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CSD. Wells Fargo & Company MN lifted its stake in Invesco S&P Spin-Off ETF by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,864 shares of the company’s stock valued at $385,000 after acquiring an additional 109 shares during the period. Raymond James Financial Inc. increased its stake in shares of Invesco S&P Spin-Off ETF by 6.9% in the third quarter. Raymond James Financial Inc. now owns 2,362 shares of the company’s stock worth $220,000 after acquiring an additional 152 shares during the period. Bank of America Corp DE raised its holdings in shares of Invesco S&P Spin-Off ETF by 2.4% during the third 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 last quarter. Fulcrum Equity Management lifted its position in Invesco S&P Spin-Off ETF by 13.4% during the second quarter. Fulcrum Equity Management now owns 2,328 shares of the company’s stock valued at $349,000 after purchasing an additional 275 shares during the period. Finally, Osaic Holdings Inc. lifted its position in Invesco S&P Spin-Off ETF by 50.0% during 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.

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).