Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 6,758 shares, a drop of 80.0% from the February 12th total of 33,813 shares. Based on an average trading volume of 23,629 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 23,629 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of RDIV. Aventura Private Wealth LLC purchased a new position in Invesco S&P Ultra Dividend Revenue ETF in the 4th quarter valued at about $30,000. Assetmark Inc. purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth approximately $55,000. Advisory Services Network LLC acquired a new position in shares of Invesco S&P Ultra Dividend Revenue ETF during the third quarter valued at approximately $95,000. Tower Research Capital LLC TRC raised its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock valued at $160,000 after acquiring an additional 3,150 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC purchased a new position in shares of Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at approximately $209,000.
Invesco S&P Ultra Dividend Revenue ETF Trading Down 0.4%
NYSEARCA:RDIV traded down $0.20 during trading hours on Tuesday, reaching $54.95. 20,422 shares of the company were exchanged, compared to its average volume of 51,611. The stock’s 50-day moving average is $55.01 and its 200-day moving average is $53.24. The firm has a market cap of $1.15 billion, a PE ratio of 11.29 and a beta of 0.94. Invesco S&P Ultra Dividend Revenue ETF has a twelve month low of $41.50 and a twelve month high of $57.51.
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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