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

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) was the recipient of a large drop in short interest in 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 short-interest ratio is presently 0.3 days.

Invesco DWA SmallCap Momentum ETF Price Performance

Shares of NASDAQ:DWAS traded up $2.28 on Tuesday, hitting $88.86. The company’s stock had a trading volume of 913,109 shares, compared to its average volume of 156,249. The company has a 50-day simple moving average of $96.74 and a 200 day simple moving average of $92.47. Invesco DWA SmallCap Momentum ETF has a 1 year low of $79.19 and a 1 year high of $104.46. The company 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 company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.0731 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from Invesco DWA SmallCap Momentum ETF’s previous dividend of $0.05.

Hedge Funds Weigh In On Invesco DWA SmallCap Momentum ETF

Institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC increased its position in shares of Invesco DWA SmallCap Momentum ETF by 3.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 3,594 shares of the company’s stock valued at $335,000 after purchasing an additional 112 shares during the last quarter. Creative Planning increased its position in shares of Invesco DWA SmallCap Momentum ETF by 12.1% during 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 last quarter. MorganRosel Wealth Management LLC increased its position in shares of Invesco DWA SmallCap Momentum ETF by 3.3% during 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 last quarter. FMR LLC grew its position in Invesco DWA SmallCap Momentum ETF by 24.5% during 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. Finally, Dynamic Advisor Solutions LLC grew its position in Invesco DWA SmallCap Momentum ETF by 7.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,004 shares of the company’s stock worth $465,000 after acquiring an additional 342 shares during the last quarter.

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.