Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Short Interest Update

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 11,500 shares, an increase of 113.0% from the October 15th total of 5,400 shares. Based on an average daily trading volume, of 33,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers purchased a new position in shares of Invesco DWA SmallCap Momentum ETF in the 1st quarter worth approximately $1,767,000. CWM LLC raised its stake in shares of Invesco DWA SmallCap Momentum ETF by 14.5% in the second quarter. CWM LLC now owns 65,691 shares of the company’s stock valued at $5,586,000 after acquiring an additional 8,306 shares during the period. Fifth Third Securities Inc. raised its stake in shares of Invesco DWA SmallCap Momentum ETF by 51.2% in the second quarter. Fifth Third Securities Inc. now owns 9,186 shares of the company’s stock valued at $781,000 after acquiring an additional 3,109 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of Invesco DWA SmallCap Momentum ETF by 3.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,662 shares of the company’s stock worth $396,000 after acquiring an additional 138 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Invesco DWA SmallCap Momentum ETF by 7.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,003,788 shares of the company’s stock worth $510,562,000 after purchasing an additional 436,806 shares during the period.

Invesco DWA SmallCap Momentum ETF Stock Performance

Shares of NASDAQ DWAS traded down $1.94 during midday trading on Friday, hitting $96.48. 33,936 shares of the company’s stock traded hands, compared to its average volume of 51,334. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.01 and a beta of 1.14. The firm has a fifty day moving average of $93.31 and a 200 day moving average of $89.75. Invesco DWA SmallCap Momentum ETF has a 1 year low of $73.39 and a 1 year high of $104.03.

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.