AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Update

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 609 shares, a growth of 351.1% from the August 15th total of 135 shares. Based on an average daily volume of 2,630 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new position in shares of AdvisorShares Focused Equity ETF during the first quarter worth $52,000. Raymond James Financial Inc. acquired a new stake in shares of AdvisorShares Focused Equity ETF in the 2nd quarter valued at $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of AdvisorShares Focused Equity ETF by 33.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock worth $290,000 after purchasing an additional 1,078 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in AdvisorShares Focused Equity ETF by 35.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock valued at $433,000 after buying an additional 1,663 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its stake in AdvisorShares Focused Equity ETF by 9.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock valued at $491,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Stock Up 1.4%

Shares of AdvisorShares Focused Equity ETF stock traded up $0.93 on Friday, hitting $69.27. 2,006 shares of the company were exchanged, compared to its average volume of 9,847. The company has a 50-day moving average price of $70.88 and a 200 day moving average price of $68.57. The stock has a market capitalization of $127.45 million, a price-to-earnings ratio of 147.28 and a beta of 0.92. AdvisorShares Focused Equity ETF has a 1-year low of $63.09 and a 1-year high of $74.05.

AdvisorShares Focused Equity ETF Company Profile

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.