The Invesco DWA SmallCap Momentum ETF (NASDAQ:DWAS – Get Rating) saw a significant drop in short interest rates in December. As of December 15, there were a total of 5,900 shares shorted, down 26.3% from the November 30 total of 8,000 shares. Based on an average daily trading volume of 29,000 shares, the current short-term interest rate is 0.2 days.
Institutional Investors Consider Invesco DWA Small Cap Momentum ETF
A number of hedge funds and other institutional investors have recently changed their positions in DWAS. Royal Bank of Canada increased his stake in the Invesco DWA Small Cap Momentum ETF by 8.0% in the third quarter. Royal Bank of Canada now owns 282,760 shares of the company valued at $19,369,000 after acquiring an additional 20,855 shares during this period. Envestnet Asset Management Inc. expanded his Invesco DWA SmallCap Momentum ETF position by 78.4% in the second quarter. Envestnet Asset Management Inc. now owns 40,772 shares of the company worth $2,769,000 after he purchased an additional 17,914 shares last quarter. UBS Group AG expanded his Invesco DWA SmallCap Momentum ETF position by 19.8% in the second quarter. UBS Group AG now owns 95,212 shares worth $6,466,000 after purchasing an additional 15,760 shares in the previous quarter. Commonwealth Equity Services LLC expanded its Invesco DWA SmallCap Momentum ETF position by 75.6% in the third quarter. Commonwealth Equity Services LLC now owns 26,742 shares worth $1,831,000 after purchasing an additional 11,514 shares in the previous quarter. Finally, Financial Advocates Investment Management purchased a new position in the Invesco DWA SmallCap Momentum ETF for $591,000 in the third quarter.
Invesco DWA Small Cap Momentum ETF Volume 0.2 %
DWAS rose $0.12 in intraday trading on Monday to reach $72.76. Stock trading volume was 502 shares and average trading volume was 40,873 shares for him. The stock has a 50-day simple moving average of $74.97 and a 200-day simple moving average of $73.48. The Invesco DWA SmallCap Momentum ETF hit a one-year low of $64.87 and a one-year high of $91.50.
Invesco DWA Small Cap Momentum ETF Dividend Cuts
The company recently announced a quarterly dividend, which was paid out on Friday, December 23rd. A dividend of $0.139 per share was issued to investors of record on Tuesday, December 20. The ex-dividend date was Monday, December 19. That represents his $0.56 dividend and 0.76% dividend yield on an annual basis.
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