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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 23,219 shares, a decline of 57.1% from the July 30th total of 54,115 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 50,459 shares, the short-interest ratio is currently 0.5 days.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

Shares of Invesco S&P Ultra Dividend Revenue ETF stock traded up $0.02 on Friday, reaching $63.20. 25,108 shares of the company’s stock were exchanged, compared to its average volume of 57,419. Invesco S&P Ultra Dividend Revenue ETF has a 52 week low of $49.98 and a 52 week high of $64.42. The company has a market capitalization of $1.40 billion, a P/E ratio of 11.29 and a beta of 0.77. The firm’s 50-day moving average is $61.43 and its two-hundred day moving average is $58.21.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Hilltop Holdings Inc. boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 4.3% in the 4th quarter. Hilltop Holdings Inc. now owns 4,330 shares of the company’s stock valued at $225,000 after purchasing an additional 180 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.9% during the first quarter. Goldman Sachs Group Inc. now owns 29,942 shares of the company’s stock valued at $1,462,000 after buying an additional 271 shares during the period. Comerica Bank boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.8% during the 3rd quarter. Comerica Bank now owns 8,138 shares of the company’s stock valued at $424,000 after purchasing an additional 300 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 3.3% in the 4th quarter. Kestra Advisory Services LLC now owns 10,757 shares of the company’s stock valued at $560,000 after purchasing an additional 348 shares during the period. Finally, Captrust Financial Advisors lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 2.2% during the 4th quarter. Captrust Financial Advisors now owns 17,033 shares of the company’s stock valued at $886,000 after acquiring an additional 367 shares during the period.

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.