AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Short Interest Up 1,611.1% in May

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 69,387 shares, a growth of 1,611.1% from the May 14th total of 4,055 shares. Based on an average daily trading volume, of 59,175 shares, the days-to-cover ratio is currently 1.2 days. Currently, 5.0% of the shares of the company are sold short.

Institutional Trading of AdvisorShares Dorsey Wright Short ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its stake in AdvisorShares Dorsey Wright Short ETF by 1.4% during the 4th quarter. Osaic Holdings Inc. now owns 370,688 shares of the company’s stock valued at $2,387,000 after purchasing an additional 4,942 shares during the last quarter. Raymond James Financial Inc. raised its stake in AdvisorShares Dorsey Wright Short ETF by 61.6% during the 3rd quarter. Raymond James Financial Inc. now owns 37,982 shares of the company’s stock valued at $261,000 after purchasing an additional 14,484 shares during the last quarter. Cibc World Market Inc. acquired a new position in AdvisorShares Dorsey Wright Short ETF during the 3rd quarter valued at $189,000. Private Advisor Group LLC raised its stake in AdvisorShares Dorsey Wright Short ETF by 22.0% during the 3rd 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 during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in AdvisorShares Dorsey Wright Short ETF during the 4th quarter valued at $94,000.

AdvisorShares Dorsey Wright Short ETF Price Performance

Shares of AdvisorShares Dorsey Wright Short ETF stock traded down $0.08 on Tuesday, reaching $6.35. The stock had a trading volume of 57,494 shares, compared to its average volume of 45,621. The business’s 50-day moving average price is $6.45 and its two-hundred day moving average price is $6.44. AdvisorShares Dorsey Wright Short ETF has a fifty-two week low of $5.93 and a fifty-two week high of $7.70.

About AdvisorShares Dorsey Wright Short ETF

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.