Short Interest in Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Increases By 97.5%

by · The Cerbat Gem

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 30,983 shares, a growth of 97.5% from the December 31st total of 15,689 shares. Based on an average daily volume of 53,771 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 53,771 shares, the days-to-cover ratio is currently 0.6 days.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

RDIV stock opened at $54.39 on Friday. The firm has a market capitalization of $930.07 million, a P/E ratio of 11.29 and a beta of 0.94. The business’s 50-day moving average is $53.14 and its two-hundred day moving average is $51.86. Invesco S&P Ultra Dividend Revenue ETF has a 1 year low of $41.50 and a 1 year high of $54.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDIV. Janney Montgomery Scott LLC increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 30,735 shares of the company’s stock valued at $1,471,000 after acquiring an additional 369 shares during the last quarter. Aspiriant LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the third quarter worth approximately $700,000. QRG Capital Management Inc. acquired a new position in Invesco S&P Ultra Dividend Revenue ETF in the second quarter valued at approximately $453,000. Concurrent Investment Advisors LLC acquired a new position in Invesco S&P Ultra Dividend Revenue ETF in the second quarter valued at approximately $695,000. Finally, Prosperity Financial Group Inc. increased its stake in Invesco S&P Ultra Dividend Revenue ETF by 39.2% in the second quarter. Prosperity Financial Group Inc. now owns 9,585 shares of the company’s stock valued at $459,000 after purchasing an additional 2,700 shares during the last quarter.

About Invesco S&P Ultra Dividend Revenue ETF

(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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