AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Sees Significant Increase in Short Interest

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 104,375 shares, an increase of 271.3% from the June 15th total of 28,109 shares. Based on an average daily trading volume, of 34,028 shares, the short-interest ratio is currently 3.1 days. Currently, 6.1% of the company’s stock are short sold.

AdvisorShares Dorsey Wright Short ETF Stock Performance

DWSH stock traded down $0.05 during midday trading on Monday, hitting $6.09. The company’s stock had a trading volume of 8,026 shares, compared to its average volume of 54,748. AdvisorShares Dorsey Wright Short ETF has a 52-week low of $5.57 and a 52-week high of $7.50. The firm has a 50-day simple moving average of $6.39 and a 200-day simple moving average of $6.34.

Institutional Trading of AdvisorShares Dorsey Wright Short ETF

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in AdvisorShares Dorsey Wright Short ETF by 50.2% in the first quarter. Royal Bank of Canada now owns 13,776 shares of the company’s stock valued at $90,000 after purchasing an additional 4,602 shares during the period. OLD Mission Capital LLC purchased a new stake in AdvisorShares Dorsey Wright Short ETF during the 4th quarter worth about $94,000. Private Advisor Group LLC increased its holdings in AdvisorShares Dorsey Wright Short ETF by 22.0% during the 3rd quarter. Private Advisor Group LLC now owns 15,500 shares of the company’s stock worth $106,000 after purchasing an additional 2,800 shares during the period. Raymond James Financial Inc. acquired a new stake in AdvisorShares Dorsey Wright Short ETF in the 2nd quarter valued at about $175,000. Finally, Osaic Holdings Inc. raised its position in AdvisorShares Dorsey Wright Short ETF by 1.4% in the 4th quarter. Osaic Holdings Inc. now owns 370,688 shares of the company’s stock valued at $2,387,000 after purchasing an additional 4,942 shares in the last quarter.

About AdvisorShares Dorsey Wright Short ETF

The AdvisorShares Dorsey Wright Short ETF (DWSH) is an exchange-traded fund that is based on the Russell 3000 index. The fund is actively managed to achieve long-term capital appreciation by shorting US-listed large-cap companies exhibiting weak relative strength. DWSH was launched on Jul 10, 2018 and is managed by AdvisorShares.