Short Interest in AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Increases By 527.3%

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 276 shares, a growth of 527.3% from the March 31st total of 44 shares. Based on an average daily volume of 2,969 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright ADR ETF

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in AdvisorShares Dorsey Wright ADR ETF by 170.2% in the third quarter. Farther Finance Advisors LLC now owns 2,116 shares of the company’s stock worth $184,000 after purchasing an additional 1,333 shares in the last quarter. WealthShield Partners LLC acquired a new position in AdvisorShares Dorsey Wright ADR ETF in the third quarter worth about $290,000. Jane Street Group LLC acquired a new position in AdvisorShares Dorsey Wright ADR ETF in the first quarter worth about $509,000. Raymond James Financial Inc. grew its stake in AdvisorShares Dorsey Wright ADR ETF by 84.8% in the third quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock worth $2,328,000 after purchasing an additional 12,315 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in AdvisorShares Dorsey Wright ADR ETF by 13.7% in the second quarter. Osaic Holdings Inc. now owns 24,216 shares of the company’s stock worth $1,913,000 after purchasing an additional 2,918 shares in the last quarter.

AdvisorShares Dorsey Wright ADR ETF Price Performance

NASDAQ:AADR traded up $0.54 during mid-day trading on Friday, reaching $84.05. The stock had a trading volume of 3,200 shares, compared to its average volume of 3,622. The company has a market capitalization of $45.39 million, a price-to-earnings ratio of 13.70 and a beta of 0.98. AdvisorShares Dorsey Wright ADR ETF has a 1-year low of $73.11 and a 1-year high of $98.38. The stock’s 50 day simple moving average is $86.74 and its two-hundred day simple moving average is $87.15.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were paid a $0.0509 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, March 23rd.

AdvisorShares Dorsey Wright ADR ETF Company Profile

The AdvisorShares Dorsey Wright ADR ETF (AADR) is an exchange-traded fund that is based on the BNY Mellon Classic ADR index. The fund is an actively managed ETF that aims to outperform the international markets outside the US by holding ADRs with high relative strength. AADR was launched on Jul 20, 2010 and is managed by m.