Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Stock Short Interest Drops 35.7%

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 44,149 shares, a decrease of 35.7% from the August 31st total of 68,629 shares. Based on an average trading volume of 138,139 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Invesco S&P Ultra Dividend Revenue ETF Trading Down 0.7%

Shares of NYSEARCA RDIV opened at $57.15 on Thursday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 11.29 and a beta of 0.76. The stock has a fifty day simple moving average of $61.88 and a two-hundred day simple moving average of $58.89. Invesco S&P Ultra Dividend Revenue ETF has a 1-year low of $49.98 and a 1-year high of $64.42.

Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Several institutional investors have recently added to or reduced their stakes in RDIV. Rockefeller Capital Management L.P. increased its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 6.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 133,798 shares of the company’s stock worth $6,963,000 after purchasing an additional 8,457 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Invesco S&P Ultra Dividend Revenue ETF by 61.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 113,908 shares of the company’s stock valued at $5,928,000 after acquiring an additional 43,324 shares during the period. Cetera Investment Advisers lifted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 83,366 shares of the company’s stock worth $4,640,000 after acquiring an additional 563 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 108.2% during the first quarter. Janney Montgomery Scott LLC now owns 63,520 shares of the company’s stock worth $3,536,000 after acquiring an additional 33,006 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.7% in the first quarter. Onyx Bridge Wealth Group LLC now owns 53,258 shares of the company’s stock valued at $2,964,000 after purchasing an additional 875 shares in the last quarter.

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.