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

by · The Markets Daily

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

Invesco Dorsey Wright SmallCap Momentum ETF Stock Down 1.9%

Shares of DWAS stock traded down $2.20 during mid-day trading on Friday, reaching $114.04. 8,852 shares of the company’s stock traded hands, compared to its average volume of 44,057. The company’s 50-day moving average price is $117.58 and its 200-day moving average price is $108.33. The company has a market cap of $435.63 million, a P/E ratio of 17.65 and a beta of 1.12. Invesco Dorsey Wright SmallCap Momentum ETF has a 12 month low of $81.43 and a 12 month high of $127.77.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco Dorsey Wright SmallCap Momentum ETF by 5,993.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 902,260 shares of the company’s stock worth $87,312,000 after purchasing an additional 887,452 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 53.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 192,937 shares of the company’s stock valued at $18,670,000 after purchasing an additional 67,093 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 26.6% during the fourth quarter. Wells Fargo & Company MN now owns 127,364 shares of the company’s stock valued at $12,324,000 after purchasing an additional 26,779 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 29.8% during the fourth quarter. Stifel Financial Corp now owns 111,635 shares of the company’s stock valued at $10,804,000 after purchasing an additional 25,657 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 900.0% in the 4th quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock worth $9,676,000 after purchasing an additional 90,000 shares in the last quarter.

Invesco Dorsey Wright SmallCap Momentum ETF Company Profile

(Get Free Report)

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.

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