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 significant increase in short interest in March. As of March 31st, there was short interest totalling 15,500 shares, an increase of 121.4% from the March 15th total of 7,000 shares. Based on an average daily trading volume, of 57,000 shares, the short-interest ratio is presently 0.3 days.

Invesco DWA SmallCap Momentum ETF Trading Down 2.4 %

NASDAQ:DWAS opened at $85.74 on Friday. The stock has a market capitalization of $877.98 million, a P/E ratio of 10.73 and a beta of 1.14. Invesco DWA SmallCap Momentum ETF has a 1 year low of $68.44 and a 1 year high of $91.98. The firm has a 50 day moving average of $88.50 and a 200-day moving average of $81.16.

Invesco DWA SmallCap Momentum ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.0489 per share. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

A number of hedge funds have recently modified their holdings of DWAS. LPL Financial LLC increased its stake in shares of Invesco DWA SmallCap Momentum ETF by 1.6% in the third quarter. LPL Financial LLC now owns 290,029 shares of the company’s stock worth $21,784,000 after purchasing an additional 4,703 shares in the last quarter. Royal Bank of Canada raised its holdings in Invesco DWA SmallCap Momentum ETF by 0.6% during the 4th quarter. Royal Bank of Canada now owns 214,801 shares of the company’s stock valued at $17,998,000 after acquiring an additional 1,306 shares during the period. Bank of America Corp DE lifted its position in shares of Invesco DWA SmallCap Momentum ETF by 1.9% during the first quarter. Bank of America Corp DE now owns 181,275 shares of the company’s stock worth $13,355,000 after acquiring an additional 3,408 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco DWA SmallCap Momentum ETF by 70.8% in the first quarter. Envestnet Asset Management Inc. now owns 73,589 shares of the company’s stock worth $5,421,000 after acquiring an additional 30,497 shares during the period. Finally, CWM LLC grew its position in shares of Invesco DWA SmallCap Momentum ETF by 12.7% in the fourth quarter. CWM LLC now owns 52,482 shares of the company’s stock valued at $4,397,000 after purchasing an additional 5,931 shares in the last quarter.

Invesco DWA SmallCap Momentum ETF Company Profile

(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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