Short Interest in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Grows By 97.5%

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 30,983 shares, an increase of 97.5% from the December 31st total of 15,689 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 53,771 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 53,771 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDIV. Janney Montgomery Scott LLC lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 1.2% in the second quarter. Janney Montgomery Scott LLC now owns 30,735 shares of the company’s stock worth $1,471,000 after purchasing an additional 369 shares during the period. Aspiriant LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter valued at $700,000. QRG Capital Management Inc. acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter valued at $453,000. Concurrent Investment Advisors LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter valued at approximately $695,000. Finally, Prosperity Financial Group Inc. lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 39.2% during the 2nd quarter. Prosperity Financial Group Inc. now owns 9,585 shares of the company’s stock worth $459,000 after acquiring an additional 2,700 shares during the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

Invesco S&P Ultra Dividend Revenue ETF stock traded up $0.44 during trading on Friday, reaching $54.39. The company had a trading volume of 18,951 shares, compared to its average volume of 77,823. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $41.50 and a 12-month high of $54.52. The stock’s 50 day moving average price is $53.14 and its two-hundred day moving average price is $51.83. The firm has a market capitalization of $930.07 million, a price-to-earnings ratio of 11.29 and a beta of 0.94.

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.