Invesco S&P Spin-Off ETF (NYSEARCA:CSD – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 19,346 shares, a decrease of 49.4% from the June 30th total of 38,234 shares. Based on an average daily trading volume, of 18,011 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.2% of the company’s shares are short sold.
Hedge Funds Weigh In On Invesco S&P Spin-Off ETF
Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of Invesco S&P Spin-Off ETF in the 4th quarter worth about $49,000. Osaic Holdings Inc. boosted its position in shares of 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 purchasing an additional 368 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Invesco S&P Spin-Off ETF during the third quarter worth approximately $160,000. First National Bank Sioux Falls acquired a new stake in Invesco S&P Spin-Off ETF during the first quarter worth approximately $219,000. Finally, Cetera Investment Advisers bought a new stake in Invesco S&P Spin-Off ETF in the first quarter worth approximately $203,000.
Invesco S&P Spin-Off ETF Price Performance
NYSEARCA CSD traded down $2.42 during trading hours on Wednesday, reaching $131.75. The company’s stock had a trading volume of 24,690 shares, compared to its average volume of 11,976. The firm has a fifty day simple moving average of $139.75 and a 200-day simple moving average of $125.95. Invesco S&P Spin-Off ETF has a 52 week low of $84.12 and a 52 week high of $150.43. The stock has a market cap of $218.71 million, a P/E ratio of 20.37 and a beta of 1.12.
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).
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