Short Interest in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Decreases By 47.1%

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 364 shares, a drop of 47.1% from the June 30th total of 688 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 6,292 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On AdvisorShares Focused Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of CWS. Royal Bank of Canada acquired a new stake in shares of AdvisorShares Focused Equity ETF in the first quarter worth $52,000. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Focused Equity ETF during the 2nd quarter worth $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew 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 buying an additional 1,078 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in AdvisorShares Focused Equity ETF by 35.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock valued at $433,000 after buying an additional 1,663 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in AdvisorShares Focused Equity ETF by 9.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock valued at $491,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Stock Performance

Shares of CWS stock traded down $0.49 on Wednesday, reaching $69.82. 4,905 shares of the company’s stock traded hands, compared to its average volume of 11,076. The company has a market capitalization of $131.96 million, a P/E ratio of 148.55 and a beta of 0.92. AdvisorShares Focused Equity ETF has a 12-month low of $63.09 and a 12-month high of $72.08. The business’s 50 day moving average price is $68.22 and its two-hundred day moving average price is $67.92.

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.