AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Short Interest Down 42.2% in June

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 160 shares, a drop of 42.2% from the June 15th total of 277 shares. Based on an average daily volume of 4,611 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

AdvisorShares Dorsey Wright FSM US Core ETF Price Performance

Shares of DWUS stock traded up $1.42 during trading on Friday, reaching $59.97. The company’s stock had a trading volume of 19 shares, compared to its average volume of 1,749. The company has a market capitalization of $122.94 million, a price-to-earnings ratio of 27.28 and a beta of 1.00. The stock’s 50-day moving average price is $60.86 and its 200 day moving average price is $56.52. AdvisorShares Dorsey Wright FSM US Core ETF has a 1-year low of $49.38 and a 1-year high of $63.93.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright FSM US Core ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DWUS. Raymond James Financial Inc. purchased a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter worth $141,000. Private Advisory Group LLC boosted its holdings in AdvisorShares Dorsey Wright FSM US Core ETF by 7.6% in the fourth quarter. Private Advisory Group LLC now owns 4,449 shares of the company’s stock valued at $241,000 after purchasing an additional 316 shares during the period. Logan Capital Management Inc. acquired a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the 4th quarter worth $434,000. Commonwealth Equity Services LLC increased its holdings in AdvisorShares Dorsey Wright FSM US Core ETF by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,471 shares of the company’s stock worth $513,000 after purchasing an additional 375 shares during the period. Finally, MML Investors Services LLC raised its position in AdvisorShares Dorsey Wright FSM US Core ETF by 21.7% in the 4th quarter. MML Investors Services LLC now owns 32,283 shares of the company’s stock valued at $1,750,000 after purchasing an additional 5,767 shares in the last quarter.

About AdvisorShares Dorsey Wright FSM US Core ETF

The AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) is an exchange-traded fund that is based on the S&P 500 Managed Risk 2.0 index. The fund is an actively managed fund of funds of US large-caps that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWUS was launched on Dec 26, 2019 and is managed by AdvisorShares.