Short Interest in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Declines By 57.1%

by · The Markets Daily

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 23,219 shares, a drop of 57.1% from the July 30th total of 54,115 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 50,459 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.0%

NYSEARCA RDIV traded up $0.02 during trading on Friday, reaching $63.20. The company’s stock had a trading volume of 25,108 shares, compared to its average volume of 57,419. The stock has a market capitalization of $1.40 billion, a PE ratio of 11.29 and a beta of 0.77. The business has a 50-day moving average price of $61.43 and a 200-day moving average price of $58.21. Invesco S&P Ultra Dividend Revenue ETF has a 1-year low of $49.98 and a 1-year high of $64.42.

Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF

A number of large investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new position in Invesco S&P Ultra Dividend Revenue ETF during the first quarter worth $94,000. Gateway Wealth Partners LLC lifted its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 98.0% in the first quarter. Gateway Wealth Partners LLC now owns 49,540 shares of the company’s stock worth $2,757,000 after buying an additional 24,518 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 83,366 shares of the company’s stock worth $4,640,000 after acquiring an additional 563 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,639 shares of the company’s stock valued at $314,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 11.6% during the 1st quarter. Sanctuary Advisors LLC now owns 10,714 shares of the company’s stock valued at $596,000 after acquiring an additional 1,110 shares during the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

(Get Free Report)

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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