Short Interest in Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Decreases By 45.3%

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 17,561 shares, a decrease of 45.3% from the April 30th total of 32,088 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 20,708 shares, the short-interest ratio is presently 0.8 days.

Invesco S&P Spin-Off ETF Stock Up 0.3%

Shares of NYSEARCA:CSD traded up $0.44 during midday trading on Thursday, hitting $139.73. 2,243 shares of the stock traded hands, compared to its average volume of 10,544. The stock has a market capitalization of $162.09 million, a PE ratio of 20.37 and a beta of 1.12. The business’s 50 day moving average is $127.21 and its two-hundred day moving average is $114.57. Invesco S&P Spin-Off ETF has a one year low of $79.93 and a one year high of $140.04.

Hedge Funds Weigh In On Invesco S&P Spin-Off ETF

Institutional investors have recently bought and sold shares of the stock. Redmont Wealth Advisors LLC purchased a new stake in shares of Invesco S&P Spin-Off ETF during the third quarter valued at approximately $42,000. Kestra Advisory Services LLC purchased a new stake in Invesco S&P Spin-Off ETF in the fourth quarter worth approximately $49,000. Osaic Holdings Inc. boosted its holdings in 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 worth $93,000 after purchasing an additional 368 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Invesco S&P Spin-Off ETF in the third quarter worth approximately $160,000. Finally, First National Bank Sioux Falls purchased a new stake in Invesco S&P Spin-Off ETF in the first quarter worth approximately $219,000.

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).