AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Down 58.1% in July

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 13 shares, a decline of 58.1% from the July 15th total of 31 shares. Based on an average trading volume of 3,917 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

AdvisorShares Dorsey Wright ADR ETF Stock Performance

NASDAQ:AADR opened at $85.65 on Monday. The firm has a market capitalization of $39.40 million, a PE ratio of 13.70 and a beta of 0.93. The stock’s fifty day moving average is $83.00 and its 200 day moving average is $85.83. AdvisorShares Dorsey Wright ADR ETF has a fifty-two week low of $77.69 and a fifty-two week high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, June 23rd were given a $0.4358 dividend. This represents a $1.74 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright ADR ETF

Large investors have recently added to or reduced their stakes in the company. Advisortrust Partners LLC purchased a new position in AdvisorShares Dorsey Wright ADR ETF during the 1st quarter worth $60,000. WealthShield Partners LLC boosted its holdings in AdvisorShares Dorsey Wright ADR ETF by 30.6% in the first quarter. WealthShield Partners LLC now owns 4,459 shares of the company’s stock worth $364,000 after acquiring an additional 1,045 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 33.0% during the first quarter. Janney Montgomery Scott LLC now owns 4,805 shares of the company’s stock worth $392,000 after acquiring an additional 1,193 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of AdvisorShares Dorsey Wright ADR ETF during the fourth quarter worth about $861,000. Finally, LPL Financial LLC increased its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 19.2% during the fourth quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock valued at $1,432,000 after acquiring an additional 2,673 shares in the last quarter.

About AdvisorShares Dorsey Wright ADR ETF

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.