Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Short Interest Down 92.6% in July

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) 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. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 50,508 shares, the short-interest ratio is presently 0.5 days.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Performance

Shares of DWAS stock traded down $2.20 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 has a market capitalization 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. The business’s 50 day moving average price is $117.58 and its two-hundred day moving average price is $108.33.

Hedge Funds Weigh In On Invesco Dorsey Wright SmallCap Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of DWAS. Register Financial Advisors LLC acquired a new stake in Invesco Dorsey Wright SmallCap Momentum ETF in the fourth quarter valued at approximately $27,000. Global Assets Advisory LLC bought a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 1st quarter valued at $57,000. JPMorgan Chase & Co. raised its holdings in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 951.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 946 shares of the company’s stock valued at $80,000 after purchasing an additional 856 shares in the last quarter. Sankala Group LLC bought a new position in shares of Invesco Dorsey Wright SmallCap Momentum ETF during the 4th quarter valued at $124,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 3rd quarter valued at $170,000.

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.