AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Shares Shorted: Short Interest Up 1,488.6% in October

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 11,597 shares, an increase of 1,488.6% from the October 15th total of 730 shares. Based on an average daily trading volume, of 4,653 shares, the short-interest ratio is currently 2.5 days. Approximately 0.7% of the company’s stock are sold short.

AdvisorShares Focused Equity ETF Trading Up 0.7%

NYSEARCA:CWS traded up $0.47 during trading hours on Wednesday, reaching $69.22. 1,259 shares of the company traded hands, compared to its average volume of 9,215. The business’s 50-day moving average price is $68.18 and its two-hundred day moving average price is $68.38. AdvisorShares Focused Equity ETF has a 1 year low of $63.09 and a 1 year high of $74.05. The stock has a market capitalization of $114.90 million, a P/E ratio of 147.27 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. purchased a new position in AdvisorShares Focused Equity ETF in the 3rd quarter worth $796,000. Sigma Planning Corp increased its holdings in AdvisorShares Focused Equity ETF by 55.2% in the 1st 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. IRON Financial LLC purchased a new stake in AdvisorShares Focused Equity ETF in the third quarter valued at approximately $266,000. Cetera Investment Advisers raised its position in AdvisorShares Focused Equity ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 68,388 shares of the company’s stock valued at $4,429,000 after purchasing an additional 2,260 shares during the period. Finally, Kestra Advisory Services LLC raised its position in AdvisorShares Focused Equity ETF by 1.7% in the first quarter. Kestra Advisory Services LLC now owns 98,134 shares of the company’s stock valued at $6,355,000 after purchasing an additional 1,670 shares during the period. 7.19% of the stock is owned by hedge funds and other institutional investors.

About AdvisorShares Focused Equity ETF

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.