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

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWASGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 23,400 shares, an increase of 500.0% from the January 15th total of 3,900 shares. Based on an average trading volume of 44,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DWAS. NBC Securities Inc. purchased a new position in Invesco DWA SmallCap Momentum ETF in the 3rd quarter worth approximately $30,000. Creative Planning purchased a new position in shares of Invesco DWA SmallCap Momentum ETF in the second quarter worth $38,000. JPMorgan Chase & Co. bought a new stake in Invesco DWA SmallCap Momentum ETF during the 1st quarter valued at $44,000. Cary Street Partners Investment Advisory LLC boosted its position in Invesco DWA SmallCap Momentum ETF by 57.6% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 709 shares of the company’s stock valued at $56,000 after buying an additional 259 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in Invesco DWA SmallCap Momentum ETF by 2,407.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,028 shares of the company’s stock worth $77,000 after acquiring an additional 987 shares during the last quarter.

Invesco DWA SmallCap Momentum ETF Stock Performance

DWAS stock opened at $89.24 on Tuesday. The firm has a market cap of $818.33 million, a P/E ratio of 10.73 and a beta of 1.14. The firm’s fifty day moving average is $82.46 and its 200 day moving average is $78.07. Invesco DWA SmallCap Momentum ETF has a 52 week low of $68.44 and a 52 week high of $89.39.

Invesco DWA SmallCap Momentum ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.8345 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.74%.

About Invesco DWA SmallCap Momentum ETF

(Get Free Report)

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.

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