Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 4,000,491 shares, a growth of 27,606.2% from the October 15th total of 14,439 shares. Based on an average daily trading volume, of 38,295 shares, the days-to-cover ratio is presently 104.5 days. Currently, 16.4% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in RDIV. Fifth Third Bancorp purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the 1st quarter worth approximately $467,000. Aspiriant LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the third quarter valued at approximately $768,000. Citadel Advisors LLC bought a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the second quarter valued at approximately $989,000. Gateway Wealth Partners LLC boosted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 98.0% during the first quarter. Gateway Wealth Partners LLC now owns 49,540 shares of the company’s stock valued at $2,757,000 after purchasing an additional 24,518 shares in the last quarter. Finally, Herold Advisors Inc. increased its holdings in Invesco S&P Ultra Dividend Revenue ETF by 2.7% during the third quarter. Herold Advisors Inc. now owns 12,152 shares of the company’s stock valued at $694,000 after buying an additional 317 shares during the period.
Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.4%
Shares of Invesco S&P Ultra Dividend Revenue ETF stock opened at $62.53 on Wednesday. The stock’s fifty day moving average price is $59.75 and its 200-day moving average price is $58.44. The firm has a market cap of $1.53 billion, a P/E ratio of 11.29 and a beta of 0.78. Invesco S&P Ultra Dividend Revenue ETF has a 12 month low of $50.91 and a 12 month high of $64.42.
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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