Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Large Increase in Short Interest

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 33,813 shares, an increase of 19.9% from the January 29th total of 28,197 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 34,268 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 34,268 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the company’s shares are sold short.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

Shares of Invesco S&P Ultra Dividend Revenue ETF stock opened at $56.88 on Thursday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 11.29 and a beta of 0.94. Invesco S&P Ultra Dividend Revenue ETF has a one year low of $41.50 and a one year high of $57.51. The business has a 50-day simple moving average of $54.74 and a 200 day simple moving average of $53.07.

Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDIV. Axxcess Wealth Management LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth approximately $374,000. Cetera Investment Advisers boosted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.8% in the 4th quarter. Cetera Investment Advisers now owns 82,803 shares of the company’s stock worth $4,309,000 after buying an additional 639 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 4.3% in the fourth quarter. Hilltop Holdings Inc. now owns 4,330 shares of the company’s stock valued at $225,000 after acquiring an additional 180 shares during the last quarter. Equitable Holdings Inc. grew its holdings in Invesco S&P Ultra Dividend Revenue ETF by 5.2% during the fourth quarter. Equitable Holdings Inc. now owns 32,115 shares of the company’s stock valued at $1,671,000 after purchasing an additional 1,583 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.8% during the 4th quarter. Osaic Holdings Inc. now owns 165,994 shares of the company’s stock worth $8,641,000 after acquiring an additional 1,320 shares during the period.

About Invesco S&P Ultra Dividend Revenue ETF

The Invesco S&P Ultra Dividend Revenue ETF (RDIV) is an exchange-traded fund that is based on the S&P 900 Dividend Revenue-Weighted index. The fund selects the 60-highest-yielding stocks from the S&P 900 and weights them by revenue. RDIV was launched on Oct 1, 2013 and is managed by Invesco.