Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sees Large Increase in Short Interest

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

Invesco DWA SmallCap Momentum ETF Stock Performance

NASDAQ:DWAS traded down $0.99 during mid-day trading on Wednesday, hitting $100.41. 41,323 shares of the company’s stock traded hands, compared to its average volume of 51,535. The company has a market capitalization of $1.07 billion, a P/E ratio of 12.01 and a beta of 1.14. The company has a fifty day moving average of $92.85 and a 200 day moving average of $89.62. Invesco DWA SmallCap Momentum ETF has a twelve month low of $73.30 and a twelve month high of $104.03.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DWAS. FMR LLC raised its stake in Invesco DWA SmallCap Momentum ETF by 24.5% in the 3rd quarter. FMR LLC now owns 4,632 shares of the company’s stock worth $430,000 after acquiring an additional 913 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of Invesco DWA SmallCap Momentum ETF by 4.6% in the third quarter. Prospera Financial Services Inc now owns 28,685 shares of the company’s stock worth $2,664,000 after purchasing an additional 1,265 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Invesco DWA SmallCap Momentum ETF by 3.2% during the third quarter. Cornerstone Planning Group LLC now owns 3,594 shares of the company’s stock worth $335,000 after purchasing an additional 112 shares during the period. 1900 Wealth Management LLC boosted its position in Invesco DWA SmallCap Momentum ETF by 44.0% in the third quarter. 1900 Wealth Management LLC now owns 16,247 shares of the company’s stock valued at $1,477,000 after buying an additional 4,965 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in Invesco DWA SmallCap Momentum ETF by 4.5% in the 3rd quarter. Atria Investments Inc now owns 36,721 shares of the company’s stock worth $3,410,000 after buying an additional 1,587 shares during the period.

About Invesco DWA SmallCap Momentum ETF

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.