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

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 8,700 shares, a decline of 66.3% from the August 15th total of 25,800 shares. Based on an average daily volume of 65,600 shares, the days-to-cover ratio is currently 0.1 days.

Invesco DWA SmallCap Momentum ETF Stock Performance

Shares of DWAS stock traded up $2.29 during trading on Friday, hitting $90.64. The company had a trading volume of 19,437 shares, compared to its average volume of 56,364. The stock’s 50-day moving average price is $89.03 and its 200 day moving average price is $87.80. Invesco DWA SmallCap Momentum ETF has a one year low of $68.44 and a one year high of $95.04. The firm has a market capitalization of $991.60 million, a P/E ratio of 12.01 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.0821 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Monday, June 24th.

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

A number of large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Invesco DWA SmallCap Momentum ETF in the 4th quarter valued at approximately $174,000. Spire Wealth Management lifted its stake in shares of Invesco DWA SmallCap Momentum ETF by 24.2% in the 1st quarter. Spire Wealth Management now owns 2,050 shares of the company’s stock valued at $186,000 after acquiring an additional 400 shares during the last quarter. Family Capital Trust Co boosted its holdings in shares of Invesco DWA SmallCap Momentum ETF by 862.1% during the 1st quarter. Family Capital Trust Co now owns 2,059 shares of the company’s stock valued at $187,000 after acquiring an additional 1,845 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its position in Invesco DWA SmallCap Momentum ETF by 7.4% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 2,553 shares of the company’s stock worth $217,000 after acquiring an additional 176 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Invesco DWA SmallCap Momentum ETF in the 2nd quarter worth about $219,000.

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.