AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Down 87.6% in March

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 399 shares, a drop of 87.6% from the February 26th total of 3,226 shares. Based on an average daily volume of 5,461 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,461 shares, the days-to-cover ratio is currently 0.1 days.

AdvisorShares Focused Equity ETF Stock Down 0.7%

CWS traded down $0.44 during mid-day trading on Tuesday, reaching $64.73. 4,635 shares of the company traded hands, compared to its average volume of 10,481. The stock has a market capitalization of $165.71 million, a P/E ratio of 137.72 and a beta of 0.97. The company’s fifty day moving average price is $68.30 and its 200-day moving average price is $68.58. AdvisorShares Focused Equity ETF has a 52-week low of $58.36 and a 52-week high of $72.08.

Institutional Trading of AdvisorShares Focused Equity ETF

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in AdvisorShares Focused Equity ETF by 9.6% in the second quarter. Cetera Investment Advisers now owns 35,671 shares of the company’s stock worth $2,497,000 after purchasing an additional 3,125 shares during the last quarter. Aviso Financial Inc. bought a new stake in shares of AdvisorShares Focused Equity ETF during the 2nd quarter valued at about $218,000. Thrivent Financial for Lutherans purchased a new stake in shares of AdvisorShares Focused Equity ETF during the 3rd quarter valued at about $789,000. Stifel Financial Corp increased its position in shares of AdvisorShares Focused Equity ETF by 4.3% during the 4th quarter. Stifel Financial Corp now owns 91,729 shares of the company’s stock valued at $6,304,000 after purchasing an additional 3,793 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of AdvisorShares Focused Equity ETF by 2,262.3% in the 3rd quarter. Raymond James Financial Inc. now owns 29,080 shares of the company’s stock worth $1,996,000 after purchasing an additional 27,849 shares during the period. Hedge funds and other institutional investors own 7.19% of the company’s stock.

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.