AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Down 93.3% in March
by Michael Walen · The Markets DailyAdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR – Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 44 shares, a decline of 93.3% from the March 15th total of 660 shares. Based on an average daily volume of 6,792 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 170.2% in the third quarter. Farther Finance Advisors LLC now owns 2,116 shares of the company’s stock worth $184,000 after purchasing an additional 1,333 shares during the last quarter. McCarthy & Cox bought a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the third quarter worth about $202,000. Barometer Capital Management Inc. purchased a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the 3rd quarter worth $234,000. WealthShield Partners LLC purchased a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the 3rd quarter worth $290,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 3.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,612 shares of the company’s stock worth $312,000 after buying an additional 107 shares during the period.
AdvisorShares Dorsey Wright ADR ETF Trading Down 0.1%
NASDAQ:AADR traded down $0.09 during midday trading on Friday, hitting $86.82. 1,657 shares of the company traded hands, compared to its average volume of 3,868. The firm’s fifty day moving average is $88.04 and its 200-day moving average is $87.16. The firm has a market capitalization of $47.75 million, a P/E ratio of 13.70 and a beta of 0.98. AdvisorShares Dorsey Wright ADR ETF has a 12-month low of $66.90 and a 12-month high of $98.38.
AdvisorShares Dorsey Wright ADR ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.0509 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%.
About AdvisorShares Dorsey Wright ADR ETF
The AdvisorShares Dorsey Wright ADR ETF (AADR) is an exchange-traded fund that is based on the BNY Mellon Classic ADR index. The fund is an actively managed ETF that aims to outperform the international markets outside the US by holding ADRs with high relative strength. AADR was launched on Jul 20, 2010 and is managed by m.