Short Interest in AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Decreases By 86.4%

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 660 shares, a decrease of 86.4% from the February 26th total of 4,847 shares. Based on an average trading volume of 2,748 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,748 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of AdvisorShares Dorsey Wright ADR ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in AdvisorShares Dorsey Wright ADR ETF by 170.2% during the third quarter. Farther Finance Advisors LLC now owns 2,116 shares of the company’s stock worth $184,000 after acquiring an additional 1,333 shares during the period. McCarthy & Cox bought a new position in AdvisorShares Dorsey Wright ADR ETF in the 3rd quarter valued at $202,000. Barometer Capital Management Inc. purchased a new stake in shares of AdvisorShares Dorsey Wright ADR ETF during the 3rd quarter valued at $234,000. WealthShield Partners LLC purchased a new stake in shares of AdvisorShares Dorsey Wright ADR ETF during the 3rd quarter valued at $290,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 3.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,612 shares of the company’s stock worth $312,000 after purchasing an additional 107 shares during the period.

AdvisorShares Dorsey Wright ADR ETF Stock Performance

Shares of AADR stock opened at $80.39 on Wednesday. AdvisorShares Dorsey Wright ADR ETF has a 52-week low of $61.52 and a 52-week high of $98.38. The company has a 50-day simple moving average of $90.89 and a two-hundred day simple moving average of $87.38. The company has a market capitalization of $44.21 million, a price-to-earnings ratio of 13.70 and a beta of 0.93.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 23rd will be paid a $0.0509 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 23rd.

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.