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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 17,909 shares, an increase of 165.0% from the February 26th total of 6,758 shares. Based on an average trading volume of 33,788 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

Invesco S&P Ultra Dividend Revenue ETF stock traded down $0.08 during trading hours on Friday, reaching $55.58. The company had a trading volume of 119,515 shares, compared to its average volume of 48,368. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $41.50 and a 12-month high of $57.51. The company has a 50-day moving average price of $55.44 and a 200 day moving average price of $53.48. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 11.29 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Aventura Private Wealth LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter valued at $30,000. Assetmark Inc. bought a new stake in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter worth $55,000. Advisory Services Network LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at about $95,000. Tower Research Capital LLC TRC increased its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock valued at $160,000 after acquiring an additional 3,150 shares during the period. Finally, Bridgewealth Advisory Group LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the third quarter valued at about $209,000.

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.