AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Sees Large Decrease in Short Interest
by Kim Johansen · The Markets DailyAdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 135 shares, a decrease of 94.2% from the July 30th total of 2,343 shares. Based on an average daily volume of 5,580 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
AdvisorShares Focused Equity ETF Stock Down 0.8%
Shares of CWS stock traded down $0.58 during trading hours on Tuesday, reaching $72.86. The company’s stock had a trading volume of 2,839 shares, compared to its average volume of 10,289. AdvisorShares Focused Equity ETF has a fifty-two week low of $63.09 and a fifty-two week high of $74.05. The firm’s 50 day simple moving average is $70.06 and its 200-day simple moving average is $68.25. The company has a market capitalization of $134.06 million, a price-to-earnings ratio of 155.02 and a beta of 0.92.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Beacon Pointe Advisors LLC lifted its holdings in shares of AdvisorShares Focused Equity ETF by 9.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock worth $491,000 after acquiring an additional 600 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of AdvisorShares Focused Equity ETF during the 1st quarter valued at approximately $52,000. MML Investors Services LLC increased its position in AdvisorShares Focused Equity ETF by 11.0% during the 4th quarter. MML Investors Services LLC now owns 8,216 shares of the company’s stock worth $565,000 after purchasing an additional 815 shares in the last quarter. D.A. Davidson & CO. increased its position in AdvisorShares Focused Equity ETF by 11.7% during the 4th quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock worth $674,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in 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. Institutional investors and hedge funds own 7.19% of the company’s stock.
AdvisorShares Focused Equity ETF Company Profile
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.