Short Interest in Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Grows By 92.0%

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 24,000 shares, a growth of 92.0% from the November 15th total of 12,500 shares. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is presently 0.8 days.

Invesco DWA SmallCap Momentum ETF Price Performance

NASDAQ:DWAS traded down $0.90 during trading hours on Friday, hitting $96.34. The stock had a trading volume of 22,273 shares, compared to its average volume of 49,539. The company has a 50 day simple moving average of $97.14 and a two-hundred day simple moving average of $91.58. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.01 and a beta of 1.14. Invesco DWA SmallCap Momentum ETF has a one year low of $79.19 and a one year high of $104.46.

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in Invesco DWA SmallCap Momentum ETF by 3.2% during the third 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. MorganRosel Wealth Management LLC lifted its holdings 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 worth $378,000 after acquiring an additional 131 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Invesco DWA SmallCap Momentum ETF by 3.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,662 shares of the company’s stock worth $396,000 after acquiring an additional 138 shares in the last quarter. Nemes Rush Group LLC increased its stake in Invesco DWA SmallCap Momentum ETF by 1.8% in the second quarter. Nemes Rush Group LLC now owns 8,508 shares of the company’s stock valued at $724,000 after acquiring an additional 154 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its stake in Invesco DWA SmallCap Momentum ETF by 7.4% in the second quarter. Redhawk Wealth Advisors Inc. now owns 2,553 shares of the company’s stock valued at $217,000 after acquiring an additional 176 shares during the last quarter.

About Invesco DWA SmallCap Momentum ETF

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.