AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Down 43.3% in May

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 114 shares, a decline of 43.3% from the April 30th total of 201 shares. Based on an average daily volume of 25,836 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

AdvisorShares Focused Equity ETF Stock Performance

Shares of CWS traded up $0.81 during trading hours on Thursday, hitting $68.30. 1,807 shares of the stock were exchanged, compared to its average volume of 12,943. AdvisorShares Focused Equity ETF has a 12-month low of $63.09 and a 12-month high of $72.08. The company has a market cap of $155.04 million, a price-to-earnings ratio of 145.32 and a beta of 0.95. The stock’s 50-day moving average price is $66.90 and its two-hundred day moving average price is $68.09.

Institutional Trading of AdvisorShares Focused Equity ETF

Several large investors have recently made changes to their positions in CWS. Raymond James Financial Inc. purchased a new stake in shares of AdvisorShares Focused Equity ETF during the second quarter worth approximately $86,000. Cornerstone Wealth Management LLC increased its position in shares of AdvisorShares Focused Equity ETF by 9.5% during the third quarter. Cornerstone Wealth Management LLC now owns 4,640 shares of the company’s stock worth $318,000 after purchasing an additional 402 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of AdvisorShares Focused Equity ETF during the third quarter worth approximately $789,000. Envestnet Asset Management Inc. increased its position in shares of AdvisorShares Focused Equity ETF by 6.1% during the third quarter. Envestnet Asset Management Inc. now owns 11,101 shares of the company’s stock worth $762,000 after purchasing an additional 641 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in shares of AdvisorShares Focused Equity ETF by 2.5% during the third quarter. Cibc World Market Inc. now owns 125,183 shares of the company’s stock worth $8,591,000 after purchasing an additional 3,068 shares in the last quarter. 7.19% of the stock is currently 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.