Short Interest in AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Drops By 75.9%

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 25,137 shares, a decline of 75.9% from the June 30th total of 104,375 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily volume of 166,764 shares, the days-to-cover ratio is presently 0.2 days.

AdvisorShares Dorsey Wright Short ETF Price Performance

AdvisorShares Dorsey Wright Short ETF stock opened at $5.88 on Tuesday. AdvisorShares Dorsey Wright Short ETF has a fifty-two week low of $5.57 and a fifty-two week high of $7.50. The stock’s fifty day moving average is $6.29 and its two-hundred day moving average is $6.32.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright Short ETF

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in AdvisorShares Dorsey Wright Short ETF by 50.2% during the 1st quarter. Royal Bank of Canada now owns 13,776 shares of the company’s stock valued at $90,000 after acquiring an additional 4,602 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of AdvisorShares Dorsey Wright Short ETF in the fourth quarter valued at approximately $94,000. Private Advisor Group LLC increased its stake in shares of 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 worth $106,000 after purchasing an additional 2,800 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of AdvisorShares Dorsey Wright Short ETF during the 2nd quarter worth approximately $175,000. Finally, Osaic Holdings Inc. raised its position in shares of 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 worth $2,387,000 after purchasing an additional 4,942 shares during the last quarter.

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.