Short Interest in AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Drops By 84.6%

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 83 shares, a drop of 84.6% from the May 31st total of 539 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,923 shares, the days-to-cover ratio is currently 0.0 days.

AdvisorShares Dorsey Wright ADR ETF Trading Down 0.8%

NASDAQ AADR opened at $80.78 on Friday. AdvisorShares Dorsey Wright ADR ETF has a 1 year low of $76.84 and a 1 year high of $98.38. The company has a market cap of $43.62 million, a PE ratio of 13.70 and a beta of 0.93. The stock’s 50-day moving average price is $84.58 and its two-hundred day moving average price is $87.18.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Tuesday, June 23rd will be given a $0.4358 dividend. This represents a $1.74 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright ADR ETF

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in AdvisorShares Dorsey Wright ADR ETF during the 1st quarter worth approximately $509,000. Barometer Capital Management Inc. purchased a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the third quarter valued at $234,000. Equitable Holdings Inc. lifted its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 6.9% in the third quarter. Equitable Holdings Inc. now owns 4,031 shares of the company’s stock valued at $350,000 after purchasing an additional 260 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of AdvisorShares Dorsey Wright ADR ETF by 84.8% in the third quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock worth $2,328,000 after buying an additional 12,315 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of AdvisorShares Dorsey Wright ADR ETF by 170.9% in the third quarter. Integrated Wealth Concepts LLC now owns 32,205 shares of the company’s stock worth $2,794,000 after buying an additional 20,316 shares during the period.

AdvisorShares Dorsey Wright ADR ETF Company Profile

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.