Invesco S&P Spin-Off ETF (NYSEARCA:CSD) Short Interest Update

by · The Markets Daily

Invesco S&P Spin-Off ETF (NYSEARCA:CSD – Get Free Report) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 14,449 shares, a drop of 22.3% from the November 30th total of 18,596 shares. Based on an average trading volume of 2,447 shares, the days-to-cover ratio is currently 5.9 days. Approximately 1.7% of the company’s stock are short sold. Approximately 1.7% of the company’s stock are short sold. Based on an average trading volume of 2,447 shares, the days-to-cover ratio is currently 5.9 days.

Institutional Trading of Invesco S&P Spin-Off ETF

Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of Invesco S&P Spin-Off ETF by 202,244.2% in the 1st quarter. Jones Financial Companies Lllp now owns 315,657 shares of the company’s stock valued at $23,681,000 after buying an additional 315,501 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Invesco S&P Spin-Off ETF during the third quarter valued at approximately $4,675,000. Ameriprise Financial Inc. acquired a new stake in Invesco S&P Spin-Off ETF in the second quarter valued at approximately $211,000. Citizens Financial Group Inc. RI acquired a new stake in Invesco S&P Spin-Off ETF in the third quarter valued at approximately $214,000. Finally, Raymond James Financial Inc. purchased a new position in Invesco S&P Spin-Off ETF in the second quarter worth $185,000.

Invesco S&P Spin-Off ETF Trading Down 1.2%

Shares of CSD traded down $1.22 during trading hours on Wednesday, hitting $99.73. The company had a trading volume of 352 shares, compared to its average volume of 3,205. The company has a market capitalization of $83.77 million, a PE ratio of 20.37 and a beta of 1.18. Invesco S&P Spin-Off ETF has a one year low of $63.06 and a one year high of $104.69. The company’s fifty day moving average price is $98.41 and its two-hundred day moving average price is $91.83.

About Invesco S&P Spin-Off ETF

(Get Free Report)

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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