AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Update

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 688 shares, an increase of 324.7% from the June 15th total of 162 shares. Based on an average daily volume of 7,128 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On AdvisorShares Focused Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada purchased a new position in AdvisorShares Focused Equity ETF in the first quarter valued at about $52,000. Raymond James Financial Inc. bought a new position in AdvisorShares Focused Equity ETF during the second quarter valued at approximately $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in AdvisorShares Focused Equity ETF by 33.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock valued at $290,000 after acquiring an additional 1,078 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in AdvisorShares Focused Equity ETF by 35.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock worth $433,000 after acquiring an additional 1,663 shares in the last quarter. Finally, Beacon Pointe Advisors LLC increased its stake in shares of AdvisorShares Focused Equity ETF by 9.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock worth $491,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Trading Up 0.4%

CWS stock traded up $0.29 on Monday, hitting $68.44. 8,165 shares of the company’s stock traded hands, compared to its average volume of 11,716. The stock has a market cap of $130.04 million, a price-to-earnings ratio of 145.62 and a beta of 0.92. AdvisorShares Focused Equity ETF has a 1-year low of $63.09 and a 1-year high of $72.08. The stock has a fifty day moving average of $67.83 and a 200-day moving average of $67.99.

AdvisorShares Focused Equity ETF Company Profile

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.