AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Shares Shorted: Short Interest Up 156.4% in October

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 51,109 shares, an increase of 156.4% from the September 30th total of 19,931 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average trading volume of 83,821 shares, the days-to-cover ratio is currently 0.6 days.

AdvisorShares Dorsey Wright Short ETF Stock Performance

Shares of DWSH traded down $0.05 during midday trading on Friday, hitting $5.49. 475,720 shares of the stock traded hands, compared to its average volume of 53,504. The business’s 50 day moving average price is $5.70 and its two-hundred day moving average price is $6.11. AdvisorShares Dorsey Wright Short ETF has a 1-year low of $5.34 and a 1-year high of $7.50.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright Short ETF

A hedge fund recently raised its position in AdvisorShares Dorsey Wright Short ETF stock. Envestnet Asset Management Inc. raised its holdings in shares of AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) by 102.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,266 shares of the company’s stock after acquiring an additional 56,723 shares during the period. Envestnet Asset Management Inc. owned approximately 10.11% of AdvisorShares Dorsey Wright Short ETF worth $704,000 as of its most recent SEC filing.

AdvisorShares Dorsey Wright Short ETF Company Profile

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.