Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Large Decrease in Short Interest

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 13,820 shares, a decline of 68.7% from the September 15th total of 44,149 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 55,572 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RDIV. Rockefeller Capital Management L.P. boosted its position in Invesco S&P Ultra Dividend Revenue ETF by 6.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 133,798 shares of the company’s stock valued at $6,963,000 after buying an additional 8,457 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 83,366 shares of the company’s stock valued at $4,640,000 after acquiring an additional 563 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 108.2% during the first quarter. Janney Montgomery Scott LLC now owns 63,520 shares of the company’s stock valued at $3,536,000 after acquiring an additional 33,006 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 1.7% during the first quarter. Onyx Bridge Wealth Group LLC now owns 53,258 shares of the company’s stock valued at $2,964,000 after acquiring an additional 875 shares in the last quarter. Finally, Gateway Wealth Partners LLC grew 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 acquiring an additional 24,518 shares in the last quarter.

Invesco S&P Ultra Dividend Revenue ETF Price Performance

NYSEARCA RDIV traded up $0.20 on Wednesday, reaching $57.67. The company had a trading volume of 24,859 shares, compared to its average volume of 61,190. Invesco S&P Ultra Dividend Revenue ETF has a 1 year low of $50.91 and a 1 year high of $64.42. The firm has a 50-day moving average of $60.88 and a 200-day moving average of $59.04. The firm has a market capitalization of $1.41 billion, a PE ratio of 11.29 and a beta of 0.77.

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.