Invesco S&P Spin-Off ETF (NYSEARCA:CSD – Get Free Report) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 22,456 shares, a growth of 68.5% from the January 15th total of 13,330 shares. Based on an average daily volume of 5,949 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.7% of the company’s stock are sold short. Currently, 2.7% of the company’s stock are sold short. Based on an average daily volume of 5,949 shares, the days-to-cover ratio is presently 3.8 days.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new position in shares of Invesco S&P Spin-Off ETF in the third quarter worth $42,000. Fulcrum Equity Management acquired a new stake in Invesco S&P Spin-Off ETF in the fourth quarter worth about $259,000. JPMorgan Chase & Co. bought a new position in Invesco S&P Spin-Off ETF in the 3rd quarter valued at about $160,000. Kestra Advisory Services LLC acquired a new position in Invesco S&P Spin-Off ETF during the 4th quarter valued at about $49,000. Finally, Wells Fargo & Company MN raised its position in shares of Invesco S&P Spin-Off ETF by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,864 shares of the company’s stock worth $385,000 after buying an additional 109 shares in the last quarter.
Invesco S&P Spin-Off ETF Stock Performance
CSD opened at $115.69 on Friday. Invesco S&P Spin-Off ETF has a 1-year low of $63.06 and a 1-year high of $117.67. The company has a 50-day moving average of $107.08 and a 200-day moving average of $97.63. The company has a market capitalization of $96.02 million, a P/E ratio of 20.37 and a beta of 1.18.
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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