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

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the target of a significant decline in short interest during the month of 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. Based on an average daily volume of 50,459 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

Shares of Invesco S&P Ultra Dividend Revenue ETF stock opened at $63.20 on Monday. Invesco S&P Ultra Dividend Revenue ETF has a 1 year low of $49.98 and a 1 year high of $64.42. The firm has a market cap of $1.40 billion, a PE ratio of 11.29 and a beta of 0.77. The stock has a fifty day moving average price of $61.43 and a 200-day moving average price of $58.22.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Several hedge funds have recently added to or reduced their stakes in RDIV. Western Wealth Management LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF in the first quarter valued at approximately $94,000. Gateway Wealth Partners LLC increased its holdings in Invesco S&P Ultra Dividend Revenue ETF by 98.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 49,540 shares of the company’s stock worth $2,757,000 after acquiring an additional 24,518 shares during the period. Cetera Investment Advisers raised its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.7% in the first quarter. Cetera Investment Advisers now owns 83,366 shares of the company’s stock worth $4,640,000 after buying an additional 563 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 21.9% in 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 in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 11.6% during the first quarter. Sanctuary Advisors LLC now owns 10,714 shares of the company’s stock valued at $596,000 after purchasing an additional 1,110 shares during the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

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.