Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Short Interest Update

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

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

NYSEARCA:CSD traded up $0.15 during midday trading on Friday, hitting $111.72. 10,139 shares of the company traded hands, compared to its average volume of 3,222. The firm has a market capitalization of $92.73 million, a P/E ratio of 20.37 and a beta of 1.18. The firm’s fifty day moving average is $100.96 and its 200-day moving average is $93.86. Invesco S&P Spin-Off ETF has a 12-month low of $63.06 and a 12-month high of $112.30.

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

Large investors have recently made changes to their positions in the company. Fulcrum Equity Management bought a new position in Invesco S&P Spin-Off ETF during the 4th quarter valued at about $259,000. JPMorgan Chase & Co. bought a new position in shares of Invesco S&P Spin-Off ETF during the third quarter valued at approximately $160,000. Bank of America Corp DE raised its holdings in shares of Invesco S&P Spin-Off ETF by 2.4% in the third quarter. Bank of America Corp DE now owns 10,449 shares of the company’s stock worth $973,000 after buying an additional 248 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Invesco S&P Spin-Off ETF by 25.8% in the third quarter. Ameriprise Financial Inc. now owns 3,169 shares of the company’s stock worth $295,000 after buying an additional 650 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Invesco S&P Spin-Off ETF by 6.9% during the 3rd 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 last quarter.

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).