Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Short Interest Update

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 54,034 shares, an increase of 144.2% from the November 30th total of 22,128 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 29,440 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 29,440 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.3% of the company’s stock are sold short.

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

Several large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 11.4% in the second quarter. Ameriprise Financial Inc. now owns 218,614 shares of the company’s stock worth $10,454,000 after purchasing an additional 22,344 shares during the period. Simplicity Wealth LLC boosted its position in Invesco S&P Ultra Dividend Revenue ETF by 200.0% in the 2nd quarter. Simplicity Wealth LLC now owns 30,066 shares of the company’s stock valued at $1,439,000 after buying an additional 20,044 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter valued at about $788,000. Concurrent Investment Advisors LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter worth $695,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 25.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 70,420 shares of the company’s stock valued at $3,698,000 after acquiring an additional 14,459 shares during the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

Shares of NYSEARCA RDIV traded up $0.07 during trading hours on Friday, hitting $52.44. The stock had a trading volume of 45,977 shares, compared to its average volume of 37,014. The company has a market capitalization of $846.91 million, a P/E ratio of 11.29 and a beta of 0.94. Invesco S&P Ultra Dividend Revenue ETF has a 52 week low of $41.50 and a 52 week high of $54.00. The firm’s 50-day moving average price is $52.54 and its two-hundred day moving average price is $50.96.

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.