AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Short Interest Down 59.5% in June

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. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 52,292 shares, the short-interest ratio is presently 0.5 days.

AdvisorShares Dorsey Wright Short ETF Stock Performance

DWSH traded up $0.05 on Tuesday, reaching $6.31. The company had a trading volume of 16,817 shares, compared to its average volume of 44,460. The company has a fifty day moving average of $6.44 and a 200-day moving average of $6.39. AdvisorShares Dorsey Wright Short ETF has a one year low of $5.93 and a one year high of $7.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in 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 worth $90,000 after acquiring an additional 4,602 shares during the last quarter. OLD Mission Capital LLC bought a new stake in AdvisorShares Dorsey Wright Short ETF during the 4th quarter valued at approximately $94,000. Osaic Holdings Inc. grew its holdings in 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 valued at $2,387,000 after buying an additional 4,942 shares during the last quarter. Raymond James Financial Inc. increased its position in AdvisorShares Dorsey Wright Short ETF by 61.6% in the 3rd quarter. Raymond James Financial Inc. now owns 37,982 shares of the company’s stock worth $261,000 after buying an additional 14,484 shares during the period. Finally, Private Advisor Group LLC increased 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 buying an additional 2,800 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.