AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Stock Short Interest Declines 74.6%

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 392 shares, a decline of 74.6% from the August 31st total of 1,544 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,920 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright ADR ETF

Hedge funds have recently bought and sold shares of the stock. Advisortrust Partners LLC acquired a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the 1st quarter valued at $60,000. WealthShield Partners LLC increased its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 30.6% during 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 during the period. Janney Montgomery Scott LLC increased 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 period. Finally, Virtu Financial LLC purchased a new position in AdvisorShares Dorsey Wright ADR ETF during the fourth quarter worth about $861,000.

AdvisorShares Dorsey Wright ADR ETF Stock Up 0.4%

AdvisorShares Dorsey Wright ADR ETF stock opened at $82.73 on Friday. AdvisorShares Dorsey Wright ADR ETF has a 52-week low of $77.69 and a 52-week high of $98.38. The firm has a market capitalization of $38.06 million, a price-to-earnings ratio of 13.70 and a beta of 0.93. The company has a fifty day simple moving average of $83.80 and a 200-day simple moving average of $83.90.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be paid a $0.3573 dividend. This is a negative change from AdvisorShares Dorsey Wright ADR ETF’s previous quarterly dividend of $0.4358. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.7%.

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.