Short Interest in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Increases By 324.7%

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 688 shares, an increase of 324.7% from the June 15th total of 162 shares. Based on an average daily volume of 7,128 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of AdvisorShares Focused Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Beacon Pointe Advisors LLC lifted its holdings in AdvisorShares Focused Equity ETF by 9.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock worth $491,000 after buying an additional 600 shares during the last quarter. Royal Bank of Canada purchased a new position in shares of AdvisorShares Focused Equity ETF in the 1st quarter valued at about $52,000. MML Investors Services LLC increased its holdings in shares of AdvisorShares Focused Equity ETF by 11.0% in the 4th quarter. MML Investors Services LLC now owns 8,216 shares of the company’s stock valued at $565,000 after acquiring an additional 815 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of AdvisorShares Focused Equity ETF by 11.7% during the 4th quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock worth $674,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of AdvisorShares Focused Equity ETF by 33.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock worth $290,000 after acquiring an additional 1,078 shares in the last quarter. 7.19% of the stock is currently owned by institutional investors and hedge funds.

AdvisorShares Focused Equity ETF Price Performance

Shares of CWS traded down $0.25 during midday trading on Friday, reaching $68.15. The stock had a trading volume of 7,646 shares, compared to its average volume of 11,745. The company has a market cap of $129.49 million, a price-to-earnings ratio of 145.00 and a beta of 0.92. The company’s fifty day simple moving average is $67.83 and its two-hundred day simple moving average is $68.00. AdvisorShares Focused Equity ETF has a 1-year low of $63.09 and a 1-year high of $72.08.

About AdvisorShares Focused Equity ETF

The AdvisorShares Focused Equity ETF (CWS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models. CWS was launched on Sep 20, 2016 and is managed by AdvisorShares.