AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Sees Large Increase in Short Interest

by · The Cerbat Gem

AdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 609 shares, a growth of 351.1% from the August 15th total of 135 shares. Based on an average trading volume of 2,630 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

AdvisorShares Focused Equity ETF Stock Up 1.3%

NYSEARCA:CWS traded up $0.92 during mid-day trading on Friday, hitting $69.26. 8,864 shares of the stock traded hands, compared to its average volume of 9,887. The business’s 50-day moving average price is $70.89 and its 200 day moving average price is $68.58. The company has a market cap of $127.44 million, a PE ratio of 147.36 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Stone Wealth Partners bought a new position in AdvisorShares Focused Equity ETF in the 4th quarter worth about $2,329,000. Raymond James Financial Inc. raised its stake in AdvisorShares Focused Equity ETF by 2,262.3% in the third quarter. Raymond James Financial Inc. now owns 29,080 shares of the company’s stock valued at $1,996,000 after purchasing an additional 27,849 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in AdvisorShares Focused Equity ETF by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 23,986 shares of the company’s stock valued at $1,553,000 after purchasing an additional 11,993 shares during the last quarter. Sigma Planning Corp lifted its position in AdvisorShares Focused Equity ETF by 55.2% during the first quarter. Sigma Planning Corp now owns 29,460 shares of the company’s stock valued at $1,908,000 after purchasing an additional 10,484 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in AdvisorShares Focused Equity ETF by 4.7% in the 4th quarter. Kestra Advisory Services LLC now owns 96,464 shares of the company’s stock worth $6,630,000 after buying an additional 4,365 shares in the last quarter. Institutional investors own 7.19% of the company’s stock.

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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