AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Up 75.0% in May

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 539 shares, an increase of 75.0% from the May 14th total of 308 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,475 shares, the days-to-cover ratio is currently 0.4 days.

AdvisorShares Dorsey Wright ADR ETF Stock Performance

Shares of NASDAQ AADR opened at $84.00 on Wednesday. The stock has a market cap of $45.36 million, a P/E ratio of 13.70 and a beta of 0.93. The firm has a 50 day moving average price of $85.20 and a 200 day moving average price of $87.36. AdvisorShares Dorsey Wright ADR ETF has a 52-week low of $75.51 and a 52-week high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 23rd were paid a $0.0509 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Advisortrust Partners LLC bought a new position in AdvisorShares Dorsey Wright ADR ETF in the first quarter valued at approximately $60,000. WealthShield Partners LLC lifted its stake 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 valued at $364,000 after buying an additional 1,045 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in AdvisorShares Dorsey Wright ADR ETF by 33.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,805 shares of the company’s stock valued at $392,000 after buying an additional 1,193 shares in the last quarter. Virtu Financial LLC bought a new position in AdvisorShares Dorsey Wright ADR ETF in the fourth quarter valued at approximately $861,000. Finally, LPL Financial LLC lifted its stake in AdvisorShares Dorsey Wright ADR ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock valued at $1,432,000 after buying 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.