Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Short Interest Update

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 54,927 shares, a growth of 69.7% from the May 31st total of 32,367 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 32,548 shares, the short-interest ratio is currently 1.7 days.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

NYSEARCA RDIV remained flat at $58.77 during trading hours on Friday. 33,187 shares of the company’s stock were exchanged, compared to its average volume of 60,772. The stock has a market capitalization of $1.28 billion, a PE ratio of 11.29 and a beta of 0.77. The stock has a 50 day simple moving average of $57.62 and a 200 day simple moving average of $55.76. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $47.28 and a 12-month high of $60.14.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDIV. Heartwood Wealth Advisors LLC grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.9% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 737,112 shares of the company’s stock valued at $38,359,000 after acquiring an additional 13,516 shares during the period. LPL Financial LLC raised its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 7.5% in the 4th quarter. LPL Financial LLC now owns 683,779 shares of the company’s stock valued at $35,584,000 after purchasing an additional 47,484 shares during the period. Bank of America Corp DE raised its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 550,790 shares of the company’s stock valued at $26,355,000 after purchasing an additional 10,160 shares during the period. Wells Fargo & Company MN lifted its stake in Invesco S&P Ultra Dividend Revenue ETF by 10.9% in the 4th quarter. Wells Fargo & Company MN now owns 407,745 shares of the company’s stock valued at $21,219,000 after purchasing an additional 40,199 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 220,340 shares of the company’s stock valued at $11,485,000 after purchasing an additional 1,726 shares during the last quarter.

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.