Short Interest in Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Drops By 54.6%

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,400 shares, a drop of 54.6% from the December 15th total of 18,500 shares. Based on an average trading volume of 32,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC lifted its holdings in Invesco DWA SmallCap Momentum ETF by 3.2% in the 3rd quarter. Cornerstone Planning Group LLC now owns 3,594 shares of the company’s stock worth $335,000 after buying an additional 112 shares during the period. Creative Planning lifted its stake in shares of Invesco DWA SmallCap Momentum ETF by 12.1% in the 3rd quarter. Creative Planning now owns 3,704 shares of the company’s stock valued at $344,000 after purchasing an additional 400 shares during the period. MorganRosel Wealth Management LLC lifted its stake in shares of Invesco DWA SmallCap Momentum ETF by 3.3% in the 3rd quarter. MorganRosel Wealth Management LLC now owns 4,066 shares of the company’s stock valued at $378,000 after purchasing an additional 131 shares during the period. FMR LLC lifted its stake in shares of Invesco DWA SmallCap Momentum ETF by 24.5% in the 3rd quarter. FMR LLC now owns 4,632 shares of the company’s stock valued at $430,000 after purchasing an additional 913 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Invesco DWA SmallCap Momentum ETF by 7.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,004 shares of the company’s stock valued at $465,000 after purchasing an additional 342 shares during the period.

Invesco DWA SmallCap Momentum ETF Stock Performance

DWAS traded up $2.28 on Tuesday, hitting $88.86. 913,109 shares of the company were exchanged, compared to its average volume of 156,249. Invesco DWA SmallCap Momentum ETF has a 12 month low of $79.19 and a 12 month high of $104.46. The firm has a fifty day simple moving average of $96.74 and a two-hundred day simple moving average of $92.47. The stock has a market capitalization of $981.90 million, a PE ratio of 12.01 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.0731 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Invesco DWA SmallCap Momentum ETF’s previous dividend of $0.05.

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.