Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Stock Short Interest Report for September

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,602 shares, a decrease of 66.5% from the September 15th total of 4,778 shares. Based on an average daily volume of 7,475 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Invesco S&P Spin-Off ETF Stock Performance

Shares of NYSEARCA CSD traded down $2.18 during mid-day trading on Wednesday, reaching $125.61. 8,340 shares of the company traded hands, compared to its average volume of 11,424. The company’s fifty day moving average is $131.15 and its two-hundred day moving average is $132.70. Invesco S&P Spin-Off ETF has a fifty-two week low of $91.45 and a fifty-two week high of $150.43. The stock has a market cap of $209.77 million, a PE ratio of 20.37 and a beta of 1.13.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Invesco S&P Spin-Off ETF by 92.8% in the first quarter. Bank of America Corp DE now owns 19,148 shares of the company’s stock valued at $2,157,000 after buying an additional 9,214 shares in the last quarter. NewEdge Advisors LLC bought a new position in Invesco S&P Spin-Off ETF in the 2nd quarter worth approximately $2,106,000. Del Sette Capital Management LLC bought a new position in Invesco S&P Spin-Off ETF in the 1st quarter valued at $779,000. Integrated Wealth Concepts LLC increased its stake in shares of Invesco S&P Spin-Off ETF by 89.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,254 shares of the company’s stock valued at $1,086,000 after buying an additional 3,432 shares during the period. Finally, Fulcrum Equity Management lifted its stake in shares of Invesco S&P Spin-Off ETF by 13.4% during the second quarter. Fulcrum Equity Management now owns 2,328 shares of the company’s stock valued at $349,000 after acquiring an additional 275 shares during the period.

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).