Short Interest in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Rises By 39.0%

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 13,218 shares, a growth of 39.0% from the December 31st total of 9,510 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 16,595 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 16,595 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are short sold.

AdvisorShares Focused Equity ETF Price Performance

Shares of CWS opened at $68.94 on Tuesday. AdvisorShares Focused Equity ETF has a one year low of $58.36 and a one year high of $72.08. The company has a market cap of $177.18 million, a PE ratio of 146.68 and a beta of 0.97. The stock has a 50-day moving average of $69.87 and a 200-day moving average of $68.99.

Institutional Investors Weigh In On AdvisorShares Focused Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sigma Planning Corp lifted its holdings in shares of AdvisorShares Focused Equity ETF by 442.9% in the 4th quarter. Sigma Planning Corp now owns 18,976 shares of the company’s stock worth $1,313,000 after purchasing an additional 15,481 shares in the last quarter. D.A. Davidson & CO. raised its holdings in AdvisorShares Focused Equity ETF by 11.7% during the fourth quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock worth $674,000 after buying an additional 1,025 shares during the last quarter. United Advisor Group LLC bought a new position in shares of AdvisorShares Focused Equity ETF in the fourth quarter valued at $1,374,000. Raymond James Financial Inc. grew its holdings in shares of AdvisorShares Focused Equity ETF by 2,262.3% during the third quarter. Raymond James Financial Inc. now owns 29,080 shares of the company’s stock valued at $1,996,000 after buying an additional 27,849 shares during the last quarter. Finally, Perennial Investment Advisors LLC grew its holdings in shares of AdvisorShares Focused Equity ETF by 46.0% during the third quarter. Perennial Investment Advisors LLC now owns 5,905 shares of the company’s stock valued at $405,000 after buying an additional 1,860 shares during the last quarter. Institutional investors own 7.19% of the company’s stock.

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.