AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Down 94.2% in August

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 135 shares, a drop of 94.2% from the July 30th total of 2,343 shares. Based on an average daily volume of 5,580 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Sigma Planning Corp raised its position in shares of AdvisorShares Focused Equity ETF by 442.9% during the fourth quarter. Sigma Planning Corp now owns 18,976 shares of the company’s stock valued at $1,313,000 after buying an additional 15,481 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in AdvisorShares Focused Equity ETF by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 23,986 shares of the company’s stock worth $1,553,000 after acquiring an additional 11,993 shares during the last quarter. Stone Wealth Partners acquired a new position in AdvisorShares Focused Equity ETF during the 4th quarter worth $2,329,000. Royal Bank of Canada bought a new position in AdvisorShares Focused Equity ETF in the first quarter valued at about $52,000. Finally, Cetera Investment Advisers grew its position in shares of AdvisorShares Focused Equity ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 68,388 shares of the company’s stock worth $4,429,000 after buying an additional 2,260 shares during the period. Institutional investors and hedge funds own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Trading Up 0.3%

NYSEARCA:CWS traded up $0.25 during trading hours on Wednesday, hitting $73.11. 2,463 shares of the stock traded hands, compared to its average volume of 10,240. The firm has a 50 day moving average price of $70.06 and a 200 day moving average price of $68.25. The firm has a market cap of $134.52 million, a price-to-earnings ratio of 155.55 and a beta of 0.92. AdvisorShares Focused Equity ETF has a fifty-two week low of $63.09 and a fifty-two week high of $74.05.

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.