Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Short Interest Up 97.5% in January

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 30,983 shares, a growth of 97.5% from the December 31st total of 15,689 shares. Based on an average trading volume of 53,771 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 53,771 shares, the short-interest ratio is presently 0.6 days.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 0.8%

Shares of Invesco S&P Ultra Dividend Revenue ETF stock traded up $0.44 during trading on Friday, hitting $54.39. 18,951 shares of the stock traded hands, compared to its average volume of 77,823. The stock’s fifty day simple moving average is $53.14 and its 200 day simple moving average is $51.83. The firm has a market cap of $930.07 million, a P/E ratio of 11.29 and a beta of 0.94. Invesco S&P Ultra Dividend Revenue ETF has a 52-week low of $41.50 and a 52-week high of $54.52.

Hedge Funds Weigh In On Invesco S&P Ultra Dividend Revenue ETF

Several hedge funds and other institutional investors have recently modified their holdings of RDIV. Aventura Private Wealth LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter valued at $30,000. Assetmark Inc. acquired a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth about $55,000. Advisory Services Network LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter valued at about $95,000. CWM LLC increased its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 27.1% in the second quarter. CWM LLC now owns 2,108 shares of the company’s stock valued at $101,000 after purchasing an additional 450 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,339 shares of the company’s stock worth $160,000 after purchasing an additional 3,150 shares during 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.