Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) saw strong trading volume on Thursday . 804,236 shares changed hands during trading, an increase of 303% from the previous session’s volume of 199,387 shares.The stock last traded at $104.5150 and had previously closed at $103.12.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Up 1.1%

The company’s 50 day moving average price is $97.50 and its 200-day moving average price is $92.40. The stock has a market cap of $807.86 million, a P/E ratio of 17.65 and a beta of 1.16.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DWAS. AQR Capital Management LLC acquired a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the first quarter valued at about $288,000. Goldman Sachs Group Inc. acquired a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the first quarter worth approximately $3,753,000. Jane Street Group LLC boosted its holdings in Invesco Dorsey Wright SmallCap Momentum ETF by 97.5% in the first quarter. Jane Street Group LLC now owns 5,417 shares of the company’s stock valued at $422,000 after acquiring an additional 2,674 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Invesco Dorsey Wright SmallCap Momentum ETF during the 2nd quarter valued at approximately $205,000. Finally, IFP Advisors Inc increased its position in Invesco Dorsey Wright SmallCap Momentum ETF by 28.7% during the 2nd quarter. IFP Advisors Inc now owns 3,436 shares of the company’s stock valued at $292,000 after purchasing an additional 767 shares during the period.

Invesco Dorsey Wright 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. DWAS was launched on Jul 19, 2012 and is managed by Invesco.