Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Sees Significant Growth in Short Interest

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

Institutional Investors Weigh In On Invesco DWA SmallCap Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Invesco DWA SmallCap Momentum ETF by 7.4% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 2,553 shares of the company’s stock valued at $217,000 after acquiring an additional 176 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Invesco DWA SmallCap Momentum ETF in the second quarter valued at about $219,000. Cornerstone Planning Group LLC lifted its position in Invesco DWA SmallCap Momentum ETF by 3.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 3,594 shares of the company’s stock worth $335,000 after acquiring an additional 112 shares in the last quarter. Creative Planning grew its position in Invesco DWA SmallCap Momentum ETF by 12.1% in the third quarter. Creative Planning now owns 3,704 shares of the company’s stock valued at $344,000 after acquiring an additional 400 shares in the last quarter. Finally, MorganRosel Wealth Management LLC lifted its position in shares of Invesco DWA SmallCap Momentum ETF by 3.3% during the third quarter. MorganRosel Wealth Management LLC now owns 4,066 shares of the company’s stock worth $378,000 after purchasing an additional 131 shares in the last quarter.

Invesco DWA SmallCap Momentum ETF Stock Performance

Invesco DWA SmallCap Momentum ETF stock traded down $1.99 during trading on Thursday, reaching $98.42. The company had a trading volume of 24,641 shares, compared to its average volume of 51,413. The firm has a market capitalization of $1.05 billion, 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 $73.39 and a 12-month high of $104.03. The stock’s 50 day moving average price is $93.08 and its two-hundred day moving average price is $89.68.

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.