Short Interest in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Expands By 324.7%

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 688 shares, a growth of 324.7% from the June 15th total of 162 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,128 shares, the short-interest ratio is currently 0.1 days.

AdvisorShares Focused Equity ETF Stock Performance

Shares of NYSEARCA:CWS traded down $0.27 during trading on Tuesday, reaching $68.28. The stock had a trading volume of 10,812 shares, compared to its average volume of 11,707. AdvisorShares Focused Equity ETF has a 1-year low of $63.09 and a 1-year high of $72.08. The business has a fifty day moving average price of $67.83 and a 200-day moving average price of $67.98. The stock has a market cap of $129.73 million, a PE ratio of 145.28 and a beta of 0.92.

Institutional Investors Weigh In On AdvisorShares Focused Equity ETF

Several institutional investors have recently added to or reduced their stakes in CWS. Sigma Planning Corp grew its stake in shares of AdvisorShares Focused Equity ETF by 442.9% during the 4th quarter. Sigma Planning Corp now owns 18,976 shares of the company’s stock worth $1,313,000 after purchasing an additional 15,481 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in AdvisorShares Focused Equity ETF by 100.0% during the first 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 purchased a new position in shares of AdvisorShares Focused Equity ETF during the 4th quarter worth approximately $2,329,000. D.A. Davidson & CO. increased its position in AdvisorShares Focused Equity ETF by 11.7% during the fourth quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock worth $674,000 after buying an additional 1,025 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of AdvisorShares Focused Equity ETF by 35.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock worth $433,000 after acquiring an additional 1,663 shares during the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.

About AdvisorShares Focused Equity ETF

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.