AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Sees Significant Increase in Short Interest

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 104,375 shares, an increase of 271.3% from the June 15th total of 28,109 shares. Based on an average daily trading volume, of 34,028 shares, the days-to-cover ratio is currently 3.1 days. Currently, 6.1% of the company’s shares are short sold.

Institutional Trading of AdvisorShares Dorsey Wright Short ETF

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of AdvisorShares Dorsey Wright Short ETF by 22.0% in the third quarter. Private Advisor Group LLC now owns 15,500 shares of the company’s stock valued at $106,000 after purchasing an additional 2,800 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of AdvisorShares Dorsey Wright Short ETF by 50.2% during the first quarter. Royal Bank of Canada now owns 13,776 shares of the company’s stock valued at $90,000 after buying an additional 4,602 shares in the last quarter. Osaic Holdings Inc. raised its position in AdvisorShares Dorsey Wright Short ETF by 1.4% during the fourth quarter. Osaic Holdings Inc. now owns 370,688 shares of the company’s stock valued at $2,387,000 after buying an additional 4,942 shares during the period. Raymond James Financial Inc. raised its position in AdvisorShares Dorsey Wright Short ETF by 61.6% during the third quarter. Raymond James Financial Inc. now owns 37,982 shares of the company’s stock valued at $261,000 after buying an additional 14,484 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in AdvisorShares Dorsey Wright Short ETF during the 4th quarter worth about $94,000.

AdvisorShares Dorsey Wright Short ETF Stock Up 1.8%

Shares of DWSH stock traded up $0.11 during trading hours on Tuesday, reaching $6.18. 6,030 shares of the stock traded hands, compared to its average volume of 54,379. AdvisorShares Dorsey Wright Short ETF has a 1-year low of $5.57 and a 1-year high of $7.50. The business has a fifty day moving average price of $6.39 and a 200 day moving average price of $6.34.

AdvisorShares Dorsey Wright Short ETF Company Profile

The AdvisorShares Dorsey Wright Short ETF (DWSH) is an exchange-traded fund that is based on the Russell 3000 index. The fund is actively managed to achieve long-term capital appreciation by shorting US-listed large-cap companies exhibiting weak relative strength. DWSH was launched on Jul 10, 2018 and is managed by AdvisorShares.