Short Interest in AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Declines By 59.5%

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 28,109 shares, a drop of 59.5% from the May 31st total of 69,387 shares. Based on an average trading volume of 52,292 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.0% of the shares of the stock are sold short.

AdvisorShares Dorsey Wright Short ETF Price Performance

Shares of NASDAQ:DWSH remained flat at $6.26 on Monday. The company’s stock had a trading volume of 14,488 shares, compared to its average volume of 44,703. The firm’s 50-day moving average price is $6.44 and its 200-day moving average price is $6.39. AdvisorShares Dorsey Wright Short ETF has a 1 year low of $5.93 and a 1 year high of $7.50.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright Short ETF

A number of institutional investors have recently bought and sold shares of the stock. OLD Mission Capital LLC bought a new position in AdvisorShares Dorsey Wright Short ETF in the fourth quarter worth $94,000. Osaic Holdings Inc. increased its holdings in shares of AdvisorShares Dorsey Wright Short ETF by 1.4% in the 4th quarter. Osaic Holdings Inc. now owns 370,688 shares of the company’s stock worth $2,387,000 after purchasing an additional 4,942 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of AdvisorShares Dorsey Wright Short ETF by 61.6% during the 3rd quarter. Raymond James Financial Inc. now owns 37,982 shares of the company’s stock valued at $261,000 after acquiring an additional 14,484 shares during the last quarter. Private Advisor Group LLC grew its position in AdvisorShares Dorsey Wright Short ETF by 22.0% in the 3rd quarter. Private Advisor Group LLC now owns 15,500 shares of the company’s stock worth $106,000 after purchasing an additional 2,800 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of AdvisorShares Dorsey Wright Short ETF by 50.2% during the 1st quarter. Royal Bank of Canada now owns 13,776 shares of the company’s stock valued at $90,000 after purchasing an additional 4,602 shares during the period.

About AdvisorShares Dorsey Wright Short ETF

The AdvisorShares Dorsey Wright Short ETF (DWSH) is an exchange-traded fund that is based on the Russell 3000 index. The fund is actively managed to achieve long-term capital appreciation by shorting US-listed large-cap companies exhibiting weak relative strength. DWSH was launched on Jul 10, 2018 and is managed by AdvisorShares.