AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Sees Significant Decrease in Short Interest

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 364 shares, a decrease of 47.1% from the June 30th total of 688 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,292 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of AdvisorShares Focused Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWS. Royal Bank of Canada acquired a new stake in shares of AdvisorShares Focused Equity ETF during the first quarter worth $52,000. Raymond James Financial Inc. bought a new position in shares of AdvisorShares Focused Equity ETF during the second quarter worth about $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in AdvisorShares Focused Equity ETF by 33.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock valued at $290,000 after acquiring an additional 1,078 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in AdvisorShares Focused Equity ETF by 35.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock worth $433,000 after acquiring an additional 1,663 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in shares of AdvisorShares Focused Equity ETF by 9.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock worth $491,000 after acquiring an additional 600 shares in the last quarter. 7.19% of the stock is currently owned by institutional investors and hedge funds.

AdvisorShares Focused Equity ETF Price Performance

Shares of AdvisorShares Focused Equity ETF stock traded up $0.51 during midday trading on Thursday, hitting $70.33. 6,492 shares of the company were exchanged, compared to its average volume of 11,044. The firm has a market cap of $131.52 million, a P/E ratio of 149.64 and a beta of 0.92. The firm has a 50 day simple moving average of $68.30 and a 200-day simple moving average of $67.92. AdvisorShares Focused Equity ETF has a 52 week low of $63.09 and a 52 week high of $72.08.

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.