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

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 17,561 shares, a drop of 45.3% from the April 30th total of 32,088 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,708 shares, the short-interest ratio is currently 0.8 days.

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

Large investors have recently bought and sold shares of the stock. Redmont Wealth Advisors LLC acquired a new position in Invesco S&P Spin-Off ETF during the 3rd quarter valued at about $42,000. Kestra Advisory Services LLC acquired a new position in Invesco S&P Spin-Off ETF during the 4th quarter valued at about $49,000. Osaic Holdings Inc. increased its stake in Invesco S&P Spin-Off ETF by 50.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,104 shares of the company’s stock valued at $93,000 after buying an additional 368 shares during the period. JPMorgan Chase & Co. acquired a new position in Invesco S&P Spin-Off ETF during the 3rd quarter valued at about $160,000. Finally, Raymond James Financial Inc. acquired a new position in Invesco S&P Spin-Off ETF during the 2nd quarter valued at about $185,000.

Invesco S&P Spin-Off ETF Stock Up 0.3%

Invesco S&P Spin-Off ETF stock traded up $0.47 during trading hours on Tuesday, hitting $138.64. 7,890 shares of the company traded hands, compared to its average volume of 10,627. The firm has a market cap of $160.82 million, a P/E ratio of 20.37 and a beta of 1.12. The firm’s 50-day simple moving average is $126.11 and its two-hundred day simple moving average is $113.98. Invesco S&P Spin-Off ETF has a 1-year low of $79.93 and a 1-year high of $139.32.

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).