AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Up 543.7% in July

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 2,343 shares, an increase of 543.7% from the July 15th total of 364 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,827 shares, the days-to-cover ratio is currently 0.6 days.

AdvisorShares Focused Equity ETF Price Performance

AdvisorShares Focused Equity ETF stock traded down $0.18 during midday trading on Wednesday, reaching $73.10. 518 shares of the company traded hands, compared to its average volume of 10,736. The firm has a market capitalization of $134.50 million, a price-to-earnings ratio of 155.53 and a beta of 0.92. The business has a 50 day moving average of $69.10 and a two-hundred day moving average of $67.99. AdvisorShares Focused Equity ETF has a 12 month low of $63.09 and a 12 month high of $73.60.

Institutional Trading of AdvisorShares Focused Equity ETF

A number of hedge funds have recently bought and sold shares of the company. Beacon Pointe Advisors LLC lifted its holdings in AdvisorShares Focused Equity ETF by 9.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock valued at $491,000 after purchasing an additional 600 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of AdvisorShares Focused Equity ETF during the 1st quarter valued at $52,000. MML Investors Services LLC lifted its stake in shares of AdvisorShares Focused Equity ETF by 11.0% during the 4th quarter. MML Investors Services LLC now owns 8,216 shares of the company’s stock valued at $565,000 after buying an additional 815 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of AdvisorShares Focused Equity ETF by 11.7% during the 4th quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock valued at $674,000 after buying an additional 1,025 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in AdvisorShares Focused Equity ETF by 33.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock worth $290,000 after buying an additional 1,078 shares during the period. Hedge funds and other institutional investors own 7.19% of the company’s stock.

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.