Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Short Interest Up 87.8% in March

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 7,700 shares, a growth of 87.8% from the March 15th total of 4,100 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 87,500 shares, the days-to-cover ratio is presently 0.1 days.

Invesco DWA SmallCap Momentum ETF Stock Performance

Shares of NASDAQ DWAS traded up $0.35 during trading on Friday, reaching $73.89. The company had a trading volume of 33,601 shares, compared to its average volume of 56,766. Invesco DWA SmallCap Momentum ETF has a 52 week low of $66.94 and a 52 week high of $104.46. The business’s 50 day moving average price is $80.32 and its 200-day moving average price is $89.86. The stock has a market cap of $589.64 million, a PE ratio of 15.99 and a beta of 1.14.

Invesco DWA SmallCap Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0524 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Invesco DWA SmallCap Momentum ETF during the fourth quarter valued at $27,000. Farther Finance Advisors LLC acquired a new position in Invesco DWA SmallCap Momentum ETF during the 4th quarter valued at about $27,000. JPMorgan Chase & Co. lifted its position in Invesco DWA SmallCap Momentum ETF by 144.7% during the 4th quarter. JPMorgan Chase & Co. now owns 389 shares of the company’s stock valued at $36,000 after purchasing an additional 230 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Invesco DWA SmallCap Momentum ETF in the 4th quarter valued at about $40,000. Finally, Hemington Wealth Management grew its position in shares of Invesco DWA SmallCap Momentum ETF by 34.5% during the 4th quarter. Hemington Wealth Management now owns 912 shares of the company’s stock worth $83,000 after buying an additional 234 shares during the period.

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.