Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright SmallCap Momentum ETF DWAS
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) Investment Strategy and Portfolio Holdings Overview
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index Provider selects securities of small capitalization companies trading on U.S. exchanges for inclusion in the index, pursuant to a proprietary methodology that is designed to identify securities that demonstrate powerful relative strength (or momentum) characteristics.
Key Insights
Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) Essential ETF Metrics and Performance Data
Latest Closing Price
$81.22Market Cap
$634.46 MillionAverage Trade Volume
89,511 SharesTotal Outstanding Shares
7.92 Million SharesInception Date
July 19, 2012SIC Description
Investment AdvicePrimary Exchange
NASDAQHeadquarters
1331 Spring Street Nw, Atlanta, GA, 30309
Short Volume
Daily short volume activity identifies short-term trading pressure and potential price volatility
Revenue Breakdown
Distribution of revenue across unique business segments & geographies
Historical Stock Splits
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