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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 17,909 shares, an increase of 165.0% from the February 26th total of 6,758 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 33,788 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 0.5%

Shares of RDIV stock traded up $0.28 on Thursday, reaching $55.66. The company’s stock had a trading volume of 80,951 shares, compared to its average volume of 47,142. The company has a market capitalization of $1.16 billion, a P/E ratio of 11.29 and a beta of 0.94. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $41.50 and a 12-month high of $57.51. The stock’s 50 day simple moving average is $55.44 and its 200-day simple moving average is $53.48.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Aventura Private Wealth LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth about $30,000. Assetmark Inc. purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter valued at approximately $55,000. Advisory Services Network LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at approximately $95,000. Tower Research Capital LLC TRC lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock valued at $160,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the third quarter valued at approximately $209,000.

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.