Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Sees Large Increase in Short Interest

Invesco S&P Spin-Off ETF (NYSEARCA:CSD – Get Free Report) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,947 shares, a growth of 174.9% from the October 15th total of 1,436 shares. Based on an average trading volume of 6,126 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Invesco S&P Spin-Off ETF

Several hedge funds have recently modified their holdings of the stock. Hikari Tsushin Inc. acquired a new stake in Invesco S&P Spin-Off ETF in the 3rd quarter valued at about $621,000. Private Advisor Group LLC purchased a new position in shares of Invesco S&P Spin-Off ETF in the 3rd quarter valued at about $4,990,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Invesco S&P Spin-Off ETF in the 3rd quarter valued at about $3,133,000. HighTower Advisors LLC acquired a new position in shares of Invesco S&P Spin-Off ETF during the third quarter worth about $374,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P Spin-Off ETF during the third quarter worth about $7,018,000.

Invesco S&P Spin-Off ETF Stock Down 1.1%

Shares of CSD stock opened at $129.85 on Friday. Invesco S&P Spin-Off ETF has a 52 week low of $91.45 and a 52 week high of $150.43. The stock has a market capitalization of $211.66 million, a PE ratio of 21.47 and a beta of 1.15. The firm has a 50 day moving average of $128.18 and a two-hundred day moving average of $128.34.

Invesco S&P Spin-Off ETF Company Profile

(Get Free Report)

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).

Further Reading

Receive News & Ratings for Invesco S&P Spin-Off ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P Spin-Off ETF and related companies with MarketBeat.com's FREE daily email newsletter.