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 daily trading volume, of 53,771 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 53,771 shares, the short-interest ratio is presently 0.6 days.

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

Several large investors have recently modified their holdings of RDIV. Sanctuary Advisors LLC grew its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 5.8% in the fourth quarter. Sanctuary Advisors LLC now owns 9,604 shares of the company’s stock valued at $500,000 after purchasing an additional 525 shares in the last quarter. Golden State Equity Partners boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 0.3% in the 4th quarter. Golden State Equity Partners now owns 60,586 shares of the company’s stock worth $3,153,000 after purchasing an additional 186 shares during the period. Prosperity Financial Group Inc. boosted its stake in Invesco S&P Ultra Dividend Revenue ETF by 25.2% in the 4th quarter. Prosperity Financial Group Inc. now owns 11,939 shares of the company’s stock worth $621,000 after purchasing an additional 2,406 shares during the period. Assetmark Inc. purchased a new position in Invesco S&P Ultra Dividend Revenue ETF during the 4th quarter valued at about $55,000. Finally, Savvy Advisors Inc. increased its position in shares of Invesco S&P Ultra Dividend Revenue ETF by 5.2% during the fourth quarter. Savvy Advisors Inc. now owns 13,599 shares of the company’s stock valued at $708,000 after buying an additional 667 shares during the period.

Invesco S&P Ultra Dividend Revenue ETF Stock Performance

Shares of RDIV opened at $54.39 on Friday. The business has a 50-day moving average of $53.14 and a 200 day moving average of $51.86. Invesco S&P Ultra Dividend Revenue ETF has a fifty-two week low of $41.50 and a fifty-two week high of $54.52. 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 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.