Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Sees Significant Drop in Short Interest

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

Invesco S&P Spin-Off ETF Trading Up 0.1%

Shares of Invesco S&P Spin-Off ETF stock traded up $0.15 during trading on Friday, reaching $111.72. The company’s stock had a trading volume of 10,139 shares, compared to its average volume of 3,222. The stock has a market capitalization of $92.73 million, a P/E ratio of 20.37 and a beta of 1.18. The stock has a 50-day moving average price of $100.96 and a two-hundred day moving average price of $93.86. Invesco S&P Spin-Off ETF has a one year low of $63.06 and a one year high of $112.30.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CSD. Raymond James Financial Inc. bought a new stake in Invesco S&P Spin-Off ETF during the 2nd quarter worth $185,000. Ameriprise Financial Inc. acquired a new stake in shares of Invesco S&P Spin-Off ETF during the second quarter valued at about $211,000. Osaic Holdings Inc. increased its stake 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 period. Citizens Financial Group Inc. RI bought a new position in Invesco S&P Spin-Off ETF in the 3rd quarter valued at approximately $214,000. Finally, JPMorgan Chase & Co. acquired a new stake in Invesco S&P Spin-Off ETF during the 3rd quarter worth approximately $160,000.

Invesco S&P Spin-Off ETF Company Profile

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).