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

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 16,200 shares, a growth of 57.3% from the September 30th total of 10,300 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is presently 6.8 days. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is presently 6.8 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Trading of Invesco S&P Spin-Off ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Costello Asset Management INC bought a new stake in shares of Invesco S&P Spin-Off ETF during the 1st quarter valued at $27,000. Osaic Holdings Inc. raised 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 acquiring an additional 368 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P Spin-Off ETF during the 2nd quarter valued at $185,000. Citizens Financial Group Inc. RI bought a new stake in shares of Invesco S&P Spin-Off ETF during the 3rd quarter valued at $214,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of Invesco S&P Spin-Off ETF during the 2nd quarter valued at $211,000.

Invesco S&P Spin-Off ETF Stock Performance

Shares of Invesco S&P Spin-Off ETF stock opened at $96.22 on Tuesday. The firm has a fifty day moving average of $92.94 and a two-hundred day moving average of $85.67. The stock has a market capitalization of $80.82 million, a price-to-earnings ratio of 20.37 and a beta of 1.18. Invesco S&P Spin-Off ETF has a 52 week low of $63.06 and a 52 week high of $102.89.

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).