Short Interest in Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Drops By 37.4%

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 17,439 shares, a decrease of 37.4% from the March 15th total of 27,854 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average trading volume of 6,733 shares, the short-interest ratio is currently 2.6 days.

Institutional Trading of Invesco S&P Spin-Off ETF

A number of institutional investors and hedge funds have recently modified their holdings of CSD. Wells Fargo & Company MN grew its position in Invesco S&P Spin-Off ETF by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,864 shares of the company’s stock valued at $385,000 after buying an additional 109 shares in the last quarter. Raymond James Financial Inc. grew its position in Invesco S&P Spin-Off ETF by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,362 shares of the company’s stock valued at $220,000 after buying an additional 152 shares in the last quarter. Bank of America Corp DE grew its position in Invesco S&P Spin-Off ETF by 2.4% in the 3rd quarter. Bank of America Corp DE now owns 10,449 shares of the company’s stock valued at $973,000 after buying an additional 248 shares in the last quarter. Osaic Holdings Inc. grew its position in Invesco S&P Spin-Off ETF by 50.0% in 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 in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new position in Invesco S&P Spin-Off ETF in the 3rd quarter valued at about $42,000.

Invesco S&P Spin-Off ETF Stock Down 1.8%

Shares of NYSEARCA:CSD traded down $2.25 on Wednesday, reaching $123.63. 13,161 shares of the company’s stock were exchanged, compared to its average volume of 7,214. The firm has a market capitalization of $123.63 million, a price-to-earnings ratio of 20.37 and a beta of 1.10. Invesco S&P Spin-Off ETF has a fifty-two week low of $65.45 and a fifty-two week high of $126.54. The business’s 50-day moving average is $115.65 and its two-hundred day moving average is $105.87.

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).