Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Short Interest Up 69.7% in June

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 54,927 shares, an increase of 69.7% from the May 31st total of 32,367 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 32,548 shares, the days-to-cover ratio is presently 1.7 days.

Invesco S&P Ultra Dividend Revenue ETF Stock Up 0.4%

Shares of RDIV traded up $0.26 during trading on Thursday, reaching $58.58. 30,095 shares of the company traded hands, compared to its average volume of 60,725. The stock has a 50-day simple moving average of $57.56 and a 200-day simple moving average of $55.72. The stock has a market cap of $1.28 billion, a PE ratio of 11.29 and a beta of 0.77. Invesco S&P Ultra Dividend Revenue ETF has a twelve month low of $47.28 and a twelve month high of $60.14.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Several institutional investors have recently added to or reduced their stakes in RDIV. Heartwood Wealth Advisors LLC lifted its stake in Invesco S&P Ultra Dividend Revenue ETF by 1.9% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 737,112 shares of the company’s stock worth $38,359,000 after purchasing an additional 13,516 shares in the last quarter. LPL Financial LLC grew its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 7.5% in the fourth quarter. LPL Financial LLC now owns 683,779 shares of the company’s stock valued at $35,584,000 after buying an additional 47,484 shares in the last quarter. Bank of America Corp DE raised 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 buying an additional 10,160 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Invesco S&P Ultra Dividend Revenue ETF by 10.9% in the 4th quarter. Wells Fargo & Company MN now owns 407,745 shares of the company’s stock valued at $21,219,000 after buying an additional 40,199 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 220,340 shares of the company’s stock worth $11,485,000 after acquiring an additional 1,726 shares in 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.