Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Short Interest Up 68.5% in January

Invesco S&P Spin-Off ETF (NYSEARCA:CSD) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 22,456 shares, an increase of 68.5% from the January 15th total of 13,330 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,949 shares, the short-interest ratio is presently 3.8 days. Based on an average daily trading volume, of 5,949 shares, the short-interest ratio is presently 3.8 days. Approximately 2.7% of the shares of the stock are short sold.

Invesco S&P Spin-Off ETF Price Performance

NYSEARCA:CSD opened at $115.69 on Friday. Invesco S&P Spin-Off ETF has a one year low of $63.06 and a one year high of $117.67. The company’s 50-day simple moving average is $107.08 and its 200 day simple moving average is $97.63. The firm has a market capitalization of $96.02 million, a P/E ratio of 20.37 and a beta of 1.18.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in Invesco S&P Spin-Off ETF by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,864 shares of the company’s stock worth $385,000 after acquiring an additional 109 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of 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 worth $220,000 after purchasing an additional 152 shares during the period. Bank of America Corp DE increased its position in shares of Invesco S&P Spin-Off ETF by 2.4% during the 3rd quarter. Bank of America Corp DE now owns 10,449 shares of the company’s stock valued at $973,000 after purchasing an additional 248 shares during the last quarter. Osaic Holdings Inc. raised its holdings 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. Finally, Redmont Wealth Advisors LLC bought a new stake in Invesco S&P Spin-Off ETF in the third quarter worth $42,000.

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).