Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 23,219 shares, a decline of 57.1% from the July 30th total of 54,115 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 50,459 shares, the short-interest ratio is currently 0.5 days.
Invesco S&P Ultra Dividend Revenue ETF Stock Performance
Shares of NYSEARCA:RDIV traded up $0.02 on Friday, hitting $63.20. The company’s stock had a trading volume of 25,108 shares, compared to its average volume of 57,419. Invesco S&P Ultra Dividend Revenue ETF has a 12 month low of $49.98 and a 12 month high of $64.42. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 11.29 and a beta of 0.77. The stock’s 50-day moving average is $61.43 and its two-hundred day moving average is $58.21.
Institutional Investors Weigh In On Invesco S&P Ultra Dividend Revenue ETF
Institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new position in Invesco S&P Ultra Dividend Revenue ETF during the 1st quarter valued at about $94,000. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 3rd quarter worth approximately $95,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 worth $160,000 after acquiring an additional 3,150 shares during the period. Essex Financial Services Inc. bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the first quarter valued at approximately $207,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at approximately $216,000.
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.
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