Short Interest in Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Grows By 113.0%

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 11,500 shares, a growth of 113.0% from the October 15th total of 5,400 shares. Based on an average trading volume of 33,800 shares, the short-interest ratio is currently 0.3 days.

Invesco DWA SmallCap Momentum ETF Price Performance

Shares of DWAS traded down $1.94 during midday trading on Friday, reaching $96.48. 33,936 shares of the stock were exchanged, compared to its average volume of 51,334. Invesco DWA SmallCap Momentum ETF has a twelve month low of $73.39 and a twelve month high of $104.03. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.01 and a beta of 1.14. The business’s 50-day moving average price is $93.31 and its 200 day moving average price is $89.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new position in shares of Invesco DWA SmallCap Momentum ETF during the first quarter worth about $1,767,000. CWM LLC grew its stake in shares of Invesco DWA SmallCap Momentum ETF by 14.5% in the 2nd quarter. CWM LLC now owns 65,691 shares of the company’s stock valued at $5,586,000 after purchasing an additional 8,306 shares during the last quarter. Fifth Third Securities Inc. increased its holdings in shares of Invesco DWA SmallCap Momentum ETF by 51.2% in the second quarter. Fifth Third Securities Inc. now owns 9,186 shares of the company’s stock valued at $781,000 after purchasing an additional 3,109 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of 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 valued at $396,000 after purchasing an additional 138 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco DWA SmallCap Momentum ETF by 7.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,003,788 shares of the company’s stock worth $510,562,000 after purchasing an additional 436,806 shares during the period.

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.