Short Interest in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Drops By 94.2%

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a large drop in short interest in 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 trading volume of 5,580 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

AdvisorShares Focused Equity ETF Trading Down 0.7%

Shares of NYSEARCA:CWS traded down $0.48 during trading on Thursday, reaching $72.69. The company had a trading volume of 2,939 shares, compared to its average volume of 10,200. The stock has a market capitalization of $133.75 million, a P/E ratio of 154.66 and a beta of 0.92. AdvisorShares Focused Equity ETF has a 12 month low of $63.09 and a 12 month high of $74.05. The company has a fifty day moving average of $70.18 and a two-hundred day moving average of $68.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sigma Planning Corp lifted its holdings 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 worth $1,313,000 after purchasing an additional 15,481 shares during the period. Patriot Financial Group Insurance Agency LLC lifted 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 buying an additional 11,993 shares during the last quarter. Stone Wealth Partners purchased a new position in AdvisorShares Focused Equity ETF during the 4th quarter worth approximately $2,329,000. Royal Bank of Canada acquired a new stake in shares of AdvisorShares Focused Equity ETF during the first quarter worth $52,000. Finally, Cetera Investment Advisers grew its position in AdvisorShares Focused Equity ETF by 3.4% during the first 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. 7.19% of the stock is owned by hedge funds and other institutional investors.

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.