Short Interest in AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Decreases By 58.1%

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 13 shares, a decline of 58.1% from the July 15th total of 31 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,917 shares, the days-to-cover ratio is presently 0.0 days.

AdvisorShares Dorsey Wright ADR ETF Price Performance

Shares of AADR stock opened at $85.65 on Friday. The firm has a 50-day moving average of $83.00 and a 200-day moving average of $85.89. The company has a market cap of $39.40 million, a P/E ratio of 13.70 and a beta of 0.93. AdvisorShares Dorsey Wright ADR ETF has a one year low of $77.69 and a one year high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.4358 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.74 annualized dividend and a yield of 2.0%.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright ADR ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AADR. Virtu Financial LLC bought a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the fourth quarter valued at approximately $861,000. LPL Financial LLC increased its position in shares of AdvisorShares Dorsey Wright ADR ETF by 19.2% during the fourth quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock valued at $1,432,000 after acquiring an additional 2,673 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in AdvisorShares Dorsey Wright ADR ETF by 170.9% during the third quarter. Integrated Wealth Concepts LLC now owns 32,205 shares of the company’s stock worth $2,794,000 after acquiring an additional 20,316 shares during the period. Raymond James Financial Inc. lifted its holdings in AdvisorShares Dorsey Wright ADR ETF by 84.8% during the third quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock worth $2,328,000 after acquiring an additional 12,315 shares during the period. Finally, Jane Street Group LLC purchased a new position in AdvisorShares Dorsey Wright ADR ETF in the first quarter worth $509,000.

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.