Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sees Significant Growth in Short Interest

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 7,700 shares, an increase of 87.8% from the March 15th total of 4,100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 87,500 shares, the days-to-cover ratio is currently 0.1 days.

Invesco DWA SmallCap Momentum ETF Stock Up 0.5 %

Invesco DWA SmallCap Momentum ETF stock traded up $0.35 during midday trading on Friday, reaching $73.89. The stock had a trading volume of 33,601 shares, compared to its average volume of 56,766. The firm has a market capitalization of $589.64 million, a PE ratio of 15.99 and a beta of 1.14. Invesco DWA SmallCap Momentum ETF has a 12 month low of $66.94 and a 12 month high of $104.46. The firm’s 50-day moving average price is $80.32 and its 200 day moving average price is $89.86.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.0524 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Invesco DWA SmallCap Momentum ETF during the fourth quarter valued at about $27,000. Farther Finance Advisors LLC purchased a new position in Invesco DWA SmallCap Momentum ETF during the fourth quarter valued at approximately $27,000. JPMorgan Chase & Co. increased its holdings in Invesco DWA SmallCap Momentum ETF by 144.7% during the 4th quarter. JPMorgan Chase & Co. now owns 389 shares of the company’s stock worth $36,000 after acquiring an additional 230 shares during the period. Jones Financial Companies Lllp purchased a new stake in Invesco DWA SmallCap Momentum ETF in the 4th quarter worth approximately $40,000. Finally, Hemington Wealth Management lifted its stake in Invesco DWA SmallCap Momentum ETF by 34.5% in the 4th quarter. Hemington Wealth Management now owns 912 shares of the company’s stock worth $83,000 after purchasing an additional 234 shares in the last quarter.

Invesco DWA SmallCap Momentum ETF Company Profile

The Invesco DWA SmallCap Momentum ETF (DWAS) is an exchange-traded fund that is based on the Dorsey Wright SmallCap Tech Leaders index. The fund tracks an index of 200 small-cap securities with the best relative strength indicators, these indicators are determined by Dorsey Wright’s proprietary methodology.