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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,000,491 shares, an increase of 27,606.2% from the October 15th total of 14,439 shares. Currently, 16.4% of the shares of the stock are short sold. Based on an average daily volume of 38,295 shares, the days-to-cover ratio is currently 104.5 days.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

Shares of RDIV stock traded up $0.22 on Tuesday, hitting $62.53. 43,420 shares of the stock traded hands, compared to its average volume of 59,747. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 11.29 and a beta of 0.78. Invesco S&P Ultra Dividend Revenue ETF has a 52 week low of $50.91 and a 52 week high of $64.42. The firm has a 50 day simple moving average of $59.76 and a two-hundred day simple moving average of $58.40.

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

A number of institutional investors have recently bought and sold shares of RDIV. Allworth Financial LP lifted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 13.3% in the third quarter. Allworth Financial LP now owns 807,929 shares of the company’s stock valued at $46,860,000 after acquiring an additional 94,667 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the third quarter worth about $6,112,000. Cetera Investment Advisers raised its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 83,366 shares of the company’s stock valued at $4,640,000 after purchasing an additional 563 shares during the period. HighTower Advisors LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter valued at approximately $3,495,000. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in Invesco S&P Ultra Dividend Revenue ETF by 3.3% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 55,492 shares of the company’s stock worth $3,171,000 after purchasing an additional 1,758 shares in the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

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.