Short Interest in Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Declines By 49.4%

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 19,346 shares, a decrease of 49.4% from the June 30th total of 38,234 shares. Based on an average daily volume of 18,011 shares, the short-interest ratio is currently 1.1 days. Approximately 1.2% of the shares of the stock are short sold.

Invesco S&P Spin-Off ETF Trading Up 1.2%

Shares of CSD traded up $1.55 during mid-day trading on Thursday, hitting $133.30. 20,915 shares of the company traded hands, compared to its average volume of 12,038. Invesco S&P Spin-Off ETF has a one year low of $84.12 and a one year high of $150.43. The business has a 50-day moving average of $139.72 and a 200 day moving average of $126.12. The stock has a market capitalization of $221.28 million, a price-to-earnings ratio of 20.37 and a beta of 1.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CSD. Fulcrum Equity Management increased its stake in shares of Invesco S&P Spin-Off ETF by 13.4% in the 2nd quarter. Fulcrum Equity Management now owns 2,328 shares of the company’s stock valued at $349,000 after buying an additional 275 shares during the period. Bank of America Corp DE lifted its stake in shares of Invesco S&P Spin-Off ETF by 92.8% during the first quarter. Bank of America Corp DE now owns 19,148 shares of the company’s stock valued at $2,157,000 after acquiring an additional 9,214 shares during the period. Cetera Investment Advisers bought a new position in Invesco S&P Spin-Off ETF in the first quarter valued at about $203,000. Del Sette Capital Management LLC bought a new position in Invesco S&P Spin-Off ETF in the first quarter valued at about $779,000. Finally, First National Bank Sioux Falls acquired a new stake in Invesco S&P Spin-Off ETF in the first quarter worth about $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).