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

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 25,451 shares, a decline of 92.6% from the June 30th total of 345,748 shares. Based on an average trading volume of 50,508 shares, the short-interest ratio is currently 0.5 days. Approximately 0.7% of the company’s stock are sold short.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Performance

Shares of NASDAQ:DWAS traded down $2.20 during trading hours on Friday, reaching $114.04. The stock had a trading volume of 8,852 shares, compared to its average volume of 44,057. Invesco Dorsey Wright SmallCap Momentum ETF has a 1 year low of $81.43 and a 1 year high of $127.77. The firm’s 50 day moving average is $117.58 and its 200-day moving average is $108.33. The stock has a market capitalization of $435.63 million, a price-to-earnings ratio of 17.65 and a beta of 1.12.

Hedge Funds Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Several large investors have recently bought and sold shares of the business. Register Financial Advisors LLC purchased a new stake in Invesco Dorsey Wright SmallCap Momentum ETF during the 4th quarter worth about $27,000. Global Assets Advisory LLC purchased a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 1st quarter valued at about $57,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock valued at $80,000 after acquiring an additional 856 shares during the last quarter. Sankala Group LLC acquired a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 4th quarter worth about $124,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 3rd quarter worth about $170,000.

About Invesco Dorsey Wright 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. DWAS was launched on Jul 19, 2012 and is managed by Invesco.