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

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

Invesco DWA SmallCap Momentum ETF Stock Performance

DWAS opened at $80.47 on Thursday. The stock has a market capitalization of $706.53 million, a PE ratio of 17.99 and a beta of 1.14. The stock’s 50 day moving average price is $87.29 and its 200-day moving average price is $91.97. Invesco DWA SmallCap Momentum ETF has a 52-week low of $75.05 and a 52-week high of $104.46.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.0524 dividend. The ex-dividend date is Monday, March 24th.

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in Invesco DWA SmallCap Momentum ETF by 5.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,444,120 shares of the company’s stock worth $588,284,000 after buying an additional 326,818 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Invesco DWA SmallCap Momentum ETF in the 4th quarter worth approximately $24,961,000. Wells Fargo & Company MN lifted its stake in shares of Invesco DWA SmallCap Momentum ETF by 13.3% in the 4th quarter. Wells Fargo & Company MN now owns 255,378 shares of the company’s stock valued at $23,313,000 after purchasing an additional 29,937 shares during the period. LPL Financial LLC boosted its position in shares of Invesco DWA SmallCap Momentum ETF by 11.2% during 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 stake 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 worth $3,713,000 after purchasing an additional 150 shares during the period.

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.