Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 31,478 shares, a growth of 75.8% from the March 15th total of 17,909 shares. Based on an average daily trading volume, of 50,982 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are short sold.
Invesco S&P Ultra Dividend Revenue ETF Price Performance
Shares of RDIV stock traded down $0.13 during mid-day trading on Tuesday, hitting $54.77. The stock had a trading volume of 28,093 shares, compared to its average volume of 49,733. Invesco S&P Ultra Dividend Revenue ETF has a 12-month low of $43.33 and a 12-month high of $57.51. The firm has a market capitalization of $943.69 million, a P/E ratio of 11.29 and a beta of 0.81. The firm’s 50-day moving average is $55.78 and its two-hundred day moving average is $53.77.
Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF
Hedge funds have recently bought and sold shares of the stock. Aventura Private Wealth LLC purchased a new stake in Invesco S&P Ultra Dividend Revenue ETF during the fourth quarter worth $30,000. Assetmark Inc. purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter worth $55,000. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter worth $95,000. Tower Research Capital LLC TRC lifted its stake in shares of Invesco S&P Ultra Dividend Revenue ETF by 1,666.7% during the 2nd 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. Finally, Bridgewealth Advisory Group LLC purchased a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF during the 3rd quarter worth $209,000.
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.
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