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

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 11,597 shares, an increase of 1,488.6% from the October 15th total of 730 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 4,653 shares, the short-interest ratio is presently 2.5 days.

Institutional Trading of AdvisorShares Focused Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC raised its stake in shares of AdvisorShares Focused Equity ETF by 1.7% during the first quarter. Kestra Advisory Services LLC now owns 98,134 shares of the company’s stock valued at $6,355,000 after acquiring an additional 1,670 shares during the last quarter. Cetera Investment Advisers raised its stake in AdvisorShares Focused Equity ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 68,388 shares of the company’s stock worth $4,429,000 after buying an additional 2,260 shares during the last quarter. Sigma Planning Corp raised its stake in AdvisorShares Focused Equity ETF by 55.2% during the first quarter. Sigma Planning Corp now owns 29,460 shares of the company’s stock worth $1,908,000 after buying an additional 10,484 shares during the last quarter. D.A. Davidson & CO. acquired a new position in AdvisorShares Focused Equity ETF in the third quarter valued at $796,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in AdvisorShares Focused Equity ETF by 33.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock valued at $290,000 after buying an additional 1,078 shares during the period. Institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Stock Performance

Shares of CWS stock traded up $0.21 during trading on Tuesday, hitting $68.75. The company had a trading volume of 4,330 shares, compared to its average volume of 9,252. The firm has a market capitalization of $114.12 million, a P/E ratio of 146.28 and a beta of 0.92. The stock’s 50-day moving average price is $68.18 and its 200 day moving average price is $68.38. AdvisorShares Focused Equity ETF has a one year low of $63.09 and a one year high of $74.05.

AdvisorShares Focused Equity ETF Company Profile

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.