DWAS - Invesco Dorsey Wright SmallCap Momentum ETF
The Invesco Dorsey Wright SmallCap Momentum ETF (Fund) is based on the Dorsey Wright SmallCap Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on that company’s market performance.
As of May 15, 2026: spot at $112.68, ATM IV 23.8%, net GEX $34.2K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $884.1M
- Beta
- 1.38
- 52-Week Range
- 78.98-116.16
- Dividend Yield
- $0.02
- IPO Date
- Jul 19, 2012
- Exchange
- NASDAQ
What DWAS Looks Like to Options Traders Today
IV rank of 11.4% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($34.2K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.018) is roughly flat across the wings.
What This Page Covers
The DWAS overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked DWAS overview questions
- What is DWAS?
- DWAS is the ticker symbol for Invesco Dorsey Wright SmallCap Momentum ETF, an listed exchange-traded fund. The Invesco Dorsey Wright SmallCap Momentum ETF (Fund) is based on the Dorsey Wright SmallCap Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Index. Listed on NASDAQ. DWAS is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the DWAS options snapshot look like today?
- As of May 15, 2026, the DWAS options snapshot shows spot at $112.68, ATM IV 23.8%, IV rank 11.4%, net GEX $34.2K, expected move 6.82%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are DWAS's key statistics?
- Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) carries a market capitalization of $884.1M, 52-week range of 78.98-116.16. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does DWAS belong to?
- Invesco Dorsey Wright SmallCap Momentum ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare DWAS's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the DWAS data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.