Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Stock Short Interest Falls 48.3%

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,329 shares, a decline of 48.3% from the August 31st total of 6,435 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,927 shares, the days-to-cover ratio is presently 0.5 days.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Down 0.2%

DWAS traded down $0.19 on Thursday, reaching $108.23. The company’s stock had a trading volume of 2,518 shares, compared to its average volume of 35,971. The company has a market capitalization of $408.03 million, a price-to-earnings ratio of 17.65 and a beta of 1.14. Invesco Dorsey Wright SmallCap Momentum ETF has a fifty-two week low of $88.62 and a fifty-two week high of $127.77. The stock has a 50 day moving average of $112.45 and a two-hundred day moving average of $112.18.

Invesco Dorsey Wright SmallCap Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.0354 dividend. The ex-dividend date was Monday, September 21st. This represents a $0.14 annualized dividend and a dividend yield of 0.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in Invesco Dorsey Wright SmallCap Momentum ETF by 900.0% in the fourth quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $9,676,000 after acquiring an additional 90,000 shares during the last quarter. Vise Technologies Inc. grew its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 145.8% during the fourth quarter. Vise Technologies Inc. now owns 38,436 shares of the company’s stock worth $3,719,000 after purchasing an additional 22,797 shares during the last quarter. Biondo Investment Advisors LLC grew its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 3.0% during the fourth quarter. Biondo Investment Advisors LLC now owns 27,608 shares of the company’s stock worth $2,671,000 after purchasing an additional 807 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 18,534 shares of the company’s stock worth $1,825,000 after purchasing an additional 133 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 25.6% during the first quarter. Sound Income Strategies LLC now owns 11,173 shares of the company’s stock worth $1,116,000 after purchasing an additional 2,276 shares in the last quarter.

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.