Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) Sees Significant Decline in Short Interest

Invesco Zacks Mid-Cap ETF (NYSEARCA:CZA) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 369 shares, a decline of 17.3% from the November 30th total of 446 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,082 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 2,082 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of Invesco Zacks Mid-Cap ETF by 3.3% during the second quarter. Bank of America Corp DE now owns 6,101 shares of the company’s stock worth $651,000 after purchasing an additional 196 shares during the period. Clearstead Advisors LLC acquired a new stake in Invesco Zacks Mid-Cap ETF during the third quarter worth approximately $35,000. Compass Financial Services Inc bought a new position in Invesco Zacks Mid-Cap ETF during the 3rd quarter worth $43,000. Ameritas Advisory Services LLC acquired a new position in Invesco Zacks Mid-Cap ETF in the 2nd quarter valued at $58,000. Finally, Truist Financial Corp lifted its position in shares of Invesco Zacks Mid-Cap ETF by 4.7% during the 3rd quarter. Truist Financial Corp now owns 15,126 shares of the company’s stock valued at $1,662,000 after acquiring an additional 680 shares during the period.

Invesco Zacks Mid-Cap ETF Trading Down 1.0%

CZA stock traded down $1.08 during trading hours on Wednesday, hitting $110.91. 1,742 shares of the stock were exchanged, compared to its average volume of 2,687. Invesco Zacks Mid-Cap ETF has a 12 month low of $90.08 and a 12 month high of $113.82. The firm has a market capitalization of $185.22 million, a P/E ratio of 18.93 and a beta of 0.89. The company has a 50-day simple moving average of $110.75 and a two-hundred day simple moving average of $108.99.

About Invesco Zacks Mid-Cap ETF

Guggenheim Mid-Cap Core ETF (the Fund), formerly Claymore/Zacks Mid-Cap Core ETF, seeks investment results that correspond generally to the performance of an index called the Zacks Mid-Cap Core Index (the Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index and depositary receipts representing securities that comprise the Index (or underlying securities representing ADRs that comprise the Index). The Index is comprised of 100 securities selected, based on investment and other criteria, from a universe of mid-capitalization common stocks, including master limited partnerships (MLPs), and American depositary receipts (ADRs).