AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Sees Large Drop in Short Interest

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 16,561 shares, a decrease of 38.2% from the July 30th total of 26,788 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 10,233 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of 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 buying an additional 4,602 shares during the period. OLD Mission Capital LLC bought a new stake in shares of AdvisorShares Dorsey Wright Short ETF in the fourth quarter valued at approximately $94,000. Private Advisor Group LLC grew its position in AdvisorShares Dorsey Wright Short ETF by 22.0% in 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 last quarter. Raymond James Financial Inc. bought a new position in AdvisorShares Dorsey Wright Short ETF during the second quarter valued at about $175,000. Finally, Osaic Holdings Inc. increased its position in shares of AdvisorShares Dorsey Wright Short ETF by 1.4% during the fourth 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 during the period.

AdvisorShares Dorsey Wright Short ETF Stock Performance

NASDAQ DWSH traded up $0.09 during trading hours on Tuesday, hitting $5.47. 8,844 shares of the company’s stock were exchanged, compared to its average volume of 47,958. The business’s 50 day moving average is $5.84 and its 200-day moving average is $6.22. AdvisorShares Dorsey Wright Short ETF has a 12-month low of $5.34 and a 12-month high of $7.50.

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.