Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) Short Interest Up 92.0% in November

Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 24,000 shares, an increase of 92.0% from the November 15th total of 12,500 shares. Based on an average daily volume of 31,800 shares, the days-to-cover ratio is presently 0.8 days.

Invesco DWA SmallCap Momentum ETF Stock Performance

DWAS traded down $0.90 during trading on Friday, hitting $96.34. 22,273 shares of the stock were exchanged, compared to its average volume of 49,539. The firm has a 50 day simple moving average of $97.14 and a 200 day simple moving average of $91.58. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 12.01 and a beta of 1.14. Invesco DWA SmallCap Momentum ETF has a 1 year low of $79.19 and a 1 year high of $104.46.

Hedge Funds Weigh In On Invesco DWA SmallCap Momentum ETF

Several institutional investors have recently made changes to their positions in DWAS. MML Investors Services LLC grew its holdings in Invesco DWA SmallCap Momentum ETF by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 15,483 shares of the company’s stock worth $1,438,000 after acquiring an additional 551 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Invesco DWA SmallCap Momentum ETF by 49.3% during the third quarter. Stifel Financial Corp now owns 27,029 shares of the company’s stock valued at $2,510,000 after purchasing an additional 8,929 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of Invesco DWA SmallCap Momentum ETF by 25.2% during the third quarter. IHT Wealth Management LLC now owns 16,015 shares of the company’s stock valued at $1,487,000 after purchasing an additional 3,226 shares in the last quarter. FMR LLC increased its holdings in Invesco DWA SmallCap Momentum ETF by 24.5% during the third quarter. FMR LLC now owns 4,632 shares of the company’s stock valued at $430,000 after buying an additional 913 shares during the period. Finally, Prospera Financial Services Inc raised its stake in Invesco DWA SmallCap Momentum ETF by 4.6% in the third quarter. Prospera Financial Services Inc now owns 28,685 shares of the company’s stock worth $2,664,000 after buying an additional 1,265 shares in the last quarter.

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.