Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Short Interest Up 165.0% in March

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

Invesco S&P Ultra Dividend Revenue ETF Price Performance

Shares of NYSEARCA RDIV traded up $0.15 during mid-day trading on Wednesday, hitting $55.38. The company had a trading volume of 14,770 shares, compared to its average volume of 46,550. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 11.29 and a beta of 0.94. Invesco S&P Ultra Dividend Revenue ETF has a 12 month low of $41.50 and a 12 month high of $57.51. The firm’s 50 day simple moving average is $55.38 and its two-hundred day simple moving average is $53.45.

Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Aventura Private Wealth LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth about $30,000. Assetmark Inc. acquired a new position in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter valued at about $55,000. Advisory Services Network LLC bought a new position in Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth about $95,000. Tower Research Capital LLC TRC increased its stake 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 purchasing an additional 3,150 shares during the period. Finally, Bridgewealth Advisory Group LLC bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the third quarter valued at approximately $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.