Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 4,000,491 shares, a growth of 27,606.2% from the October 15th total of 14,439 shares. Based on an average trading volume of 38,295 shares, the days-to-cover ratio is presently 104.5 days. Currently, 16.4% of the company’s stock are sold short.
Invesco S&P Ultra Dividend Revenue ETF Stock Performance
RDIV opened at $62.57 on Thursday. The company has a 50-day moving average of $59.75 and a 200-day moving average of $58.49. The company has a market capitalization of $1.53 billion, a P/E ratio of 14.60 and a beta of 0.79. Invesco S&P Ultra Dividend Revenue ETF has a 1-year low of $50.91 and a 1-year high of $64.42.
Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF
A number of hedge funds have recently bought and sold shares of RDIV. North Star Investment Management Corp. acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the third quarter valued at approximately $29,000. First Community Trust NA acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth approximately $63,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth approximately $71,000. Jacobi Capital Management LLC bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter valued at approximately $83,000. Finally, Western Wealth Management LLC bought a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter valued at approximately $94,000.
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.
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