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

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 4,100 shares, a decrease of 61.3% from the February 28th total of 10,600 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 77,900 shares, the days-to-cover ratio is presently 0.1 days.

Invesco DWA SmallCap Momentum ETF Price Performance

DWAS traded down $2.04 during trading on Friday, reaching $77.71. The company had a trading volume of 86,822 shares, compared to its average volume of 54,800. The business’s fifty day moving average price is $86.76 and its 200 day moving average price is $91.87. Invesco DWA SmallCap Momentum ETF has a 12 month low of $75.05 and a 12 month high of $104.46. The company has a market cap of $682.29 million, a P/E ratio of 17.99 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0524 per share. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco DWA SmallCap Momentum ETF

A number of institutional investors have recently modified their holdings of DWAS. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco DWA SmallCap Momentum ETF by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,444,120 shares of the company’s stock valued at $588,284,000 after acquiring an additional 326,818 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco DWA SmallCap Momentum ETF in the fourth quarter worth $24,961,000. Wells Fargo & Company MN boosted its holdings in Invesco DWA SmallCap Momentum ETF by 13.3% during the fourth quarter. Wells Fargo & Company MN now owns 255,378 shares of the company’s stock worth $23,313,000 after purchasing an additional 29,937 shares during the last quarter. LPL Financial LLC grew its position in Invesco DWA SmallCap Momentum ETF by 11.2% in the fourth quarter. LPL Financial LLC now owns 198,821 shares of the company’s stock valued at $18,150,000 after purchasing an additional 20,075 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in Invesco DWA SmallCap Momentum ETF by 0.4% in the fourth quarter. Sanctuary Advisors LLC now owns 39,564 shares of the company’s stock valued at $3,713,000 after purchasing an additional 150 shares in the last quarter.

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.