Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Short Interest Up 144.2% in December

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 54,034 shares, an increase of 144.2% from the November 30th total of 22,128 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 29,440 shares, the short-interest ratio is presently 1.8 days. Based on an average trading volume of 29,440 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the shares of the company are sold short.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 0.1%

NYSEARCA RDIV traded up $0.07 during trading hours on Friday, hitting $52.44. 45,977 shares of the stock were exchanged, compared to its average volume of 37,014. The company has a market cap of $846.91 million, a price-to-earnings ratio of 11.29 and a beta of 0.94. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $41.50 and a 12-month high of $54.00. The stock has a 50-day moving average of $52.54 and a 200 day moving average of $50.96.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Several hedge funds have recently modified their holdings of the business. Heartwood Wealth Advisors LLC raised its position in Invesco S&P Ultra Dividend Revenue ETF by 1.8% in the third quarter. Heartwood Wealth Advisors LLC now owns 723,596 shares of the company’s stock worth $37,714,000 after acquiring an additional 12,557 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.9% in the 2nd quarter. Bank of America Corp DE now owns 550,790 shares of the company’s stock valued at $26,355,000 after purchasing an additional 10,160 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.8% in the third quarter. Ameriprise Financial Inc. now owns 220,340 shares of the company’s stock valued at $11,485,000 after purchasing an additional 1,726 shares during the period. Raymond James Financial Inc. boosted its holdings in Invesco S&P Ultra Dividend Revenue ETF by 2.4% during the third quarter. Raymond James Financial Inc. now owns 175,021 shares of the company’s stock worth $9,122,000 after buying an additional 4,163 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Invesco S&P Ultra Dividend Revenue ETF by 8.3% during the second quarter. Rockefeller Capital Management L.P. now owns 120,528 shares of the company’s stock worth $5,767,000 after buying an additional 9,250 shares in the last quarter.

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.