Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) Sees Large Volume Increase – What’s Next?

Invesco Dorsey Wright SmallCap Momentum ETF (NASDAQ:DWAS) saw unusually-high trading volume on Wednesday . Approximately 44,906 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 27,738 shares.The stock last traded at $100.7350 and had previously closed at $100.31.

Invesco Dorsey Wright SmallCap Momentum ETF Stock Performance

The stock has a market capitalization of $782.17 million, a P/E ratio of 17.65 and a beta of 1.16. The firm has a 50-day moving average price of $96.32 and a 200 day moving average price of $91.73.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF in the 1st quarter valued at $288,000. Goldman Sachs Group Inc. bought a new stake in Invesco Dorsey Wright SmallCap Momentum ETF in the first quarter worth $3,753,000. Jane Street Group LLC boosted its position in Invesco Dorsey Wright SmallCap Momentum ETF by 97.5% during the first quarter. Jane Street Group LLC now owns 5,417 shares of the company’s stock valued at $422,000 after buying an additional 2,674 shares during the period. KMG Fiduciary Partners LLC boosted its position in Invesco Dorsey Wright SmallCap Momentum ETF by 13.2% during the second quarter. KMG Fiduciary Partners LLC now owns 26,650 shares of the company’s stock valued at $2,262,000 after buying an additional 3,103 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Invesco Dorsey Wright SmallCap Momentum ETF by 30.0% during the second quarter. NorthCrest Asset Manangement LLC now owns 15,044 shares of the company’s stock valued at $1,294,000 after buying an additional 3,468 shares during the last quarter.

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.