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 large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 13,820 shares, a decrease of 68.7% from the September 15th total of 44,149 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 55,572 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RDIV. First Community Trust NA purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter worth about $63,000. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 37,337 shares of the company’s stock worth $2,166,000 after buying an additional 1,050 shares during the period. Integrated Wealth Concepts LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF during the 2nd quarter worth about $139,000. NewEdge Advisors LLC raised its stake in Invesco S&P Ultra Dividend Revenue ETF by 6.3% in the second quarter. NewEdge Advisors LLC now owns 28,856 shares of the company’s stock worth $1,674,000 after buying an additional 1,714 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 2nd quarter worth $989,000.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

NYSEARCA:RDIV traded up $0.19 during trading hours on Monday, reaching $57.38. The stock had a trading volume of 25,701 shares, compared to its average volume of 61,606. The company has a 50 day moving average price of $61.11 and a two-hundred day moving average price of $59.01. Invesco S&P Ultra Dividend Revenue ETF has a 52 week low of $50.53 and a 52 week high of $64.42. The stock has a market capitalization of $1.40 billion, a PE ratio of 11.29 and a beta of 0.77.

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.