AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Down 84.6% in June

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 83 shares, a drop of 84.6% from the May 31st total of 539 shares. Based on an average trading volume of 1,923 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright ADR ETF

Several institutional investors have recently bought and sold shares of AADR. Virtu Financial LLC purchased a new position in AdvisorShares Dorsey Wright ADR ETF during the 4th quarter worth $861,000. Barometer Capital Management Inc. purchased a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the third quarter valued at about $234,000. LPL Financial LLC boosted its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock valued at $1,432,000 after acquiring an additional 2,673 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 170.9% during the third quarter. Integrated Wealth Concepts LLC now owns 32,205 shares of the company’s stock worth $2,794,000 after acquiring an additional 20,316 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 84.8% during the third quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock worth $2,328,000 after acquiring an additional 12,315 shares during the period.

AdvisorShares Dorsey Wright ADR ETF Trading Up 1.4%

NASDAQ:AADR opened at $81.40 on Friday. The firm has a market cap of $43.96 million, a P/E ratio of 13.70 and a beta of 0.93. The stock’s 50 day simple moving average is $84.70 and its 200-day simple moving average is $87.22. AdvisorShares Dorsey Wright ADR ETF has a 12-month low of $76.84 and a 12-month high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.4358 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.74 annualized dividend and a dividend yield of 2.1%.

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.