AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Down 66.3% in August

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,544 shares, a drop of 66.3% from the August 15th total of 4,586 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,021 shares, the days-to-cover ratio is presently 0.8 days.

AdvisorShares Dorsey Wright ADR ETF Price Performance

AADR traded up $0.65 during trading on Friday, hitting $85.09. 936 shares of the stock traded hands, compared to its average volume of 3,043. The business has a 50 day moving average price of $83.77 and a 200 day moving average price of $84.48. The company has a market cap of $39.14 million, a price-to-earnings ratio of 13.70 and a beta of 0.93. AdvisorShares Dorsey Wright ADR ETF has a twelve month low of $77.69 and a twelve month high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.4358 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.74 annualized dividend and a dividend yield of 2.0%.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright ADR ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisortrust Partners LLC bought a new stake in shares of AdvisorShares Dorsey Wright ADR ETF during the first quarter valued at approximately $60,000. Janney Montgomery Scott LLC raised its holdings in AdvisorShares Dorsey Wright ADR ETF by 3.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,612 shares of the company’s stock valued at $312,000 after acquiring an additional 107 shares during the period. Equitable Holdings Inc. lifted its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 6.9% in the third quarter. Equitable Holdings Inc. now owns 4,031 shares of the company’s stock worth $350,000 after buying an additional 260 shares in the last quarter. WealthShield Partners LLC grew its position in AdvisorShares Dorsey Wright ADR ETF by 30.6% during the first quarter. WealthShield Partners LLC now owns 4,459 shares of the company’s stock worth $364,000 after buying an additional 1,045 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in AdvisorShares Dorsey Wright ADR ETF during the first quarter worth about $509,000.

AdvisorShares Dorsey Wright ADR ETF Company Profile

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.