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

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 6,247 shares, a growth of 87.7% from the September 15th total of 3,329 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 6,868 shares, the short-interest ratio is presently 0.9 days.

Invesco Dorsey Wright SmallCap Momentum ETF Trading Down 2.8%

DWAS stock traded down $2.96 during midday trading on Friday, hitting $100.99. 7,790 shares of the company’s stock were exchanged, compared to its average volume of 34,485. The business has a 50-day simple moving average of $110.72 and a two-hundred day simple moving average of $112.92. Invesco Dorsey Wright SmallCap Momentum ETF has a 1-year low of $88.62 and a 1-year high of $127.77. The stock has a market capitalization of $375.69 million, a PE ratio of 17.65 and a beta of 1.17.

Invesco Dorsey Wright SmallCap Momentum ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.0354 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, September 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DWAS. Waverly Advisors LLC grew its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 4.5% in the 2nd quarter. Waverly Advisors LLC now owns 2,601 shares of the company’s stock valued at $331,000 after buying an additional 113 shares in the last quarter. Wealth Enhancement Trust Services Inc. raised its position in Invesco Dorsey Wright SmallCap Momentum ETF by 10.7% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 1,178 shares of the company’s stock valued at $128,000 after acquiring an additional 114 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 18,534 shares of the company’s stock valued at $1,825,000 after purchasing an additional 133 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 2.0% in the first quarter. Private Advisor Group LLC now owns 8,679 shares of the company’s stock worth $855,000 after buying an additional 171 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 2nd quarter valued at about $25,000.

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