Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Short Interest Update

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 25,451 shares, a decline of 92.6% from the June 30th total of 345,748 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 50,508 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

A number of hedge funds have recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new stake in Invesco Dorsey Wright SmallCap Momentum ETF during the 4th quarter valued at about $27,000. Global Assets Advisory LLC purchased a new position in Invesco Dorsey Wright SmallCap Momentum ETF in the first quarter worth about $57,000. JPMorgan Chase & Co. raised its holdings in Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% in the second quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock worth $80,000 after buying an additional 856 shares during the last quarter. Sankala Group LLC bought a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the fourth quarter worth approximately $124,000. Finally, Advisory Services Network LLC bought a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the third quarter worth approximately $170,000.

Invesco Dorsey Wright SmallCap Momentum ETF Trading Down 1.9%

Invesco Dorsey Wright SmallCap Momentum ETF stock traded down $2.20 during mid-day trading on Friday, hitting $114.04. The company had a trading volume of 8,852 shares, compared to its average volume of 44,057. Invesco Dorsey Wright SmallCap Momentum ETF has a 12 month low of $81.43 and a 12 month high of $127.77. The company has a market capitalization of $435.63 million, a PE ratio of 17.65 and a beta of 1.12. The stock’s 50 day moving average price is $117.58 and its two-hundred day moving average price is $108.33.

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