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 significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 20,300 shares, an increase of 52.6% from the September 30th total of 13,300 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 29,000 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 29,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

Shares of RDIV traded down $0.09 during mid-day trading on Monday, reaching $51.82. 30,756 shares of the company’s stock were exchanged, compared to its average volume of 36,792. The stock has a market capitalization of $836.89 million, a PE ratio of 11.29 and a beta of 0.94. The business’s fifty day simple moving average is $52.03 and its 200-day simple moving average is $49.35. Invesco S&P Ultra Dividend Revenue ETF has a 52-week low of $41.50 and a 52-week high of $53.22.

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

Hedge funds have recently modified their holdings of the business. CWM LLC grew its position in Invesco S&P Ultra Dividend Revenue ETF by 27.1% in the 2nd quarter. CWM LLC now owns 2,108 shares of the company’s stock valued at $101,000 after buying an additional 450 shares during the last quarter. Rise Advisors LLC grew its position in Invesco S&P Ultra Dividend Revenue ETF by 11.3% in the 1st quarter. Rise Advisors LLC now owns 3,085 shares of the company’s stock valued at $151,000 after buying an additional 312 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock valued at $160,000 after buying an additional 3,150 shares during the last quarter. Bridgewealth Advisory Group LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter valued at $209,000. Finally, Choreo LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter valued at $224,000.

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.