Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the target 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. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 32,548 shares, the days-to-cover ratio is currently 1.7 days.
Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aventura Private Wealth LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter worth $30,000. Assetmark Inc. acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the fourth quarter valued at $55,000. Western Wealth Management LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF in the first quarter valued at $94,000. Advisory Services Network LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at $95,000. Finally, Tower Research Capital LLC TRC grew its stake in Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock worth $160,000 after purchasing an additional 3,150 shares in the last quarter.
Invesco S&P Ultra Dividend Revenue ETF Price Performance
Shares of RDIV stock traded up $0.26 during trading on Thursday, reaching $58.58. The company’s stock had a trading volume of 30,095 shares, compared to its average volume of 60,725. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.29 and a beta of 0.77. The stock’s 50-day moving average price is $57.56 and its 200 day moving average price is $55.72. Invesco S&P Ultra Dividend Revenue ETF has a 1-year low of $47.28 and a 1-year high of $60.14.
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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