Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 13,820 shares, a decrease of 68.7% from the September 15th total of 44,149 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 55,572 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in RDIV. First Community Trust NA bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth $63,000. Western Wealth Management LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the first quarter valued at approximately $94,000. Integrated Wealth Concepts LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter valued at $139,000. Essex Financial Services Inc. purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the first quarter worth about $207,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,639 shares of the company’s stock worth $314,000 after purchasing an additional 1,014 shares during the last quarter.
Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.3%
RDIV stock traded up $0.19 during midday trading on Monday, hitting $57.38. The stock had a trading volume of 25,701 shares, compared to its average volume of 61,606. The firm has a market cap of $1.40 billion, a P/E ratio of 11.29 and a beta of 0.77. The business has a fifty day moving average price of $61.11 and a two-hundred day moving average price of $59.01. Invesco S&P Ultra Dividend Revenue ETF has a 1-year low of $50.53 and a 1-year high of $64.42.
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.
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