Short Interest in Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Expands By 7.9%

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,100 shares, a growth of 7.9% from the January 15th total of 3,800 shares. Based on an average trading volume of 73,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DWAS. Creative Planning boosted its holdings in 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 acquiring an additional 400 shares during the period. KMG Fiduciary Partners LLC boosted its stake in shares of Invesco DWA SmallCap Momentum ETF by 407.0% during the third quarter. KMG Fiduciary Partners LLC now owns 19,110 shares of the company’s stock valued at $1,775,000 after purchasing an additional 15,341 shares during the period. Raymond James & Associates boosted its stake in shares of Invesco DWA SmallCap Momentum ETF by 1.9% during the third quarter. Raymond James & Associates now owns 250,945 shares of the company’s stock valued at $23,305,000 after purchasing an additional 4,776 shares during the period. New Century Financial Group LLC bought a new position in shares of Invesco DWA SmallCap Momentum ETF in the third quarter worth about $1,584,000. Finally, Trueblood Wealth Management LLC increased its stake in Invesco DWA SmallCap Momentum ETF by 2.8% in the 3rd quarter. Trueblood Wealth Management LLC now owns 10,400 shares of the company’s stock worth $966,000 after buying an additional 284 shares during the period.

Invesco DWA SmallCap Momentum ETF Trading Down 0.2 %

Shares of DWAS stock traded down $0.17 during trading hours on Tuesday, reaching $92.95. 22,255 shares of the stock were exchanged, compared to its average volume of 114,515. The firm has a market capitalization of $816.10 million, a price-to-earnings ratio of 12.01 and a beta of 1.14. Invesco DWA SmallCap Momentum ETF has a 12-month low of $79.36 and a 12-month high of $104.46. The company’s 50-day moving average price is $92.80 and its 200-day moving average price is $93.21.

Invesco DWA SmallCap Momentum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.0731 per share. The ex-dividend date was Monday, December 23rd. This is a positive change from Invesco DWA SmallCap Momentum ETF’s previous dividend of $0.05.

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.