Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Stock Short Interest Drops 35.7%

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 44,149 shares, a decrease of 35.7% from the August 31st total of 68,629 shares. Based on an average daily trading volume, of 138,139 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 2.9% during the second quarter. Envestnet Asset Management Inc. now owns 37,337 shares of the company’s stock valued at $2,166,000 after acquiring an additional 1,050 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter valued at $139,000. NewEdge Advisors LLC increased its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 6.3% during the 2nd quarter. NewEdge Advisors LLC now owns 28,856 shares of the company’s stock valued at $1,674,000 after purchasing an additional 1,714 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 2nd quarter valued at $989,000. Finally, Western Wealth Management LLC bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 1st quarter worth $94,000.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

RDIV opened at $57.15 on Thursday. Invesco S&P Ultra Dividend Revenue ETF has a 1 year low of $49.98 and a 1 year high of $64.42. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 11.29 and a beta of 0.76. The firm’s fifty day moving average price is $61.88 and its two-hundred day moving average price is $58.89.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

(Get Free Report)

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.

Further Reading

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