AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Stock Short Interest Falls 91.8%

by · The Markets Daily

AdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 50 shares, a decrease of 91.8% from the August 31st total of 609 shares. Based on an average daily trading volume, of 5,891 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of AdvisorShares Focused Equity ETF by 33.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock valued at $290,000 after purchasing an additional 1,078 shares during the last quarter. Royal Bank of Canada acquired a new position in AdvisorShares Focused Equity ETF during the first quarter worth $52,000. Cetera Investment Advisers raised its holdings 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 valued at $4,429,000 after buying an additional 2,260 shares in the last quarter. D.A. Davidson & CO. raised its holdings in AdvisorShares Focused Equity ETF by 13.9% during the first quarter. D.A. Davidson & CO. now owns 11,162 shares of the company’s stock valued at $723,000 after buying an additional 1,362 shares in the last quarter. Finally, Sigma Planning Corp lifted its position in shares of AdvisorShares Focused Equity ETF by 55.2% in the first quarter. Sigma Planning Corp now owns 29,460 shares of the company’s stock worth $1,908,000 after buying an additional 10,484 shares during the last quarter. Institutional investors and hedge funds own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Price Performance

CWS traded down $0.44 during midday trading on Thursday, hitting $67.25. 4,660 shares of the company’s stock traded hands, compared to its average volume of 9,684. The company has a market cap of $119.03 million, a PE ratio of 143.09 and a beta of 0.92. The stock’s fifty day simple moving average is $70.83 and its 200-day simple moving average is $68.51. AdvisorShares Focused Equity ETF has a one year low of $63.09 and a one year high of $74.05.

About AdvisorShares Focused Equity ETF

(Get Free Report)

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.

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