AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Sees Significant Growth in Short Interest

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,343 shares, a growth of 543.7% from the July 15th total of 364 shares. Based on an average daily volume of 3,827 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

AdvisorShares Focused Equity ETF Stock Down 0.2%

NYSEARCA CWS traded down $0.18 during trading hours on Wednesday, reaching $73.10. 518 shares of the company were exchanged, compared to its average volume of 10,736. The stock has a market capitalization of $134.50 million, a P/E ratio of 155.53 and a beta of 0.92. The business’s 50 day simple moving average is $69.10 and its 200-day simple moving average is $67.99. AdvisorShares Focused Equity ETF has a 1 year low of $63.09 and a 1 year high of $73.60.

Institutional Investors Weigh In On AdvisorShares Focused Equity ETF

Several hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in AdvisorShares Focused Equity ETF in the 2nd quarter worth approximately $86,000. United Advisor Group LLC bought a new position in AdvisorShares Focused Equity ETF during the 4th quarter valued at approximately $1,374,000. D.A. Davidson & CO. raised its holdings in shares of AdvisorShares Focused Equity ETF by 11.7% during the fourth quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock valued at $674,000 after acquiring an additional 1,025 shares in the last quarter. Sigma Planning Corp lifted its position in shares of AdvisorShares Focused Equity ETF by 442.9% in the 4th quarter. Sigma Planning Corp now owns 18,976 shares of the company’s stock worth $1,313,000 after purchasing an additional 15,481 shares during the period. Finally, Cornerstone Wealth Management LLC grew its holdings in shares of AdvisorShares Focused Equity ETF by 35.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock worth $433,000 after acquiring an additional 1,663 shares during the period. 7.19% of the stock is currently owned by institutional investors.

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.