AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Stock Cross Below 200-Day Moving Average – Here’s Why

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $57.54 and traded as low as $57.25. AdvisorShares Dorsey Wright FSM US Core ETF shares last traded at $57.5010, with a volume of 23 shares traded.

AdvisorShares Dorsey Wright FSM US Core ETF Stock Down 1.8%

The company’s 50-day moving average is $59.09 and its two-hundred day moving average is $57.54. The company has a market capitalization of $117.88 million, a P/E ratio of 27.28 and a beta of 1.01.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright FSM US Core ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Triumph Capital Management purchased a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter valued at $29,000. Strive Financial Group LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter worth $32,000. NewEdge Advisors LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter worth $51,000. Angeles Wealth Management LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter worth $76,000. Finally, Tsfg LLC bought a new position in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at $192,000.

About AdvisorShares Dorsey Wright FSM US Core ETF

The AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) is an exchange-traded fund that is based on the S&P 500 Managed Risk 2.0 index. The fund is an actively managed fund of funds of US large-caps that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWUS was launched on Dec 26, 2019 and is managed by AdvisorShares.