AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Update

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 165 shares, an increase of 98.8% from the June 15th total of 83 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 2,372 shares, the days-to-cover ratio is presently 0.1 days.

AdvisorShares Dorsey Wright ADR ETF Stock Performance

AADR stock opened at $83.03 on Thursday. The company has a market cap of $41.52 million, a price-to-earnings ratio of 13.70 and a beta of 0.93. The business’s 50-day moving average is $84.06 and its two-hundred day moving average is $86.91. AdvisorShares Dorsey Wright ADR ETF has a fifty-two week low of $76.84 and a fifty-two week high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.4358 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.74 annualized dividend and a dividend yield of 2.1%.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright ADR ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisortrust Partners LLC purchased a new stake in AdvisorShares Dorsey Wright ADR ETF during the first quarter valued at approximately $60,000. Janney Montgomery Scott LLC boosted its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 3.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,612 shares of the company’s stock worth $312,000 after acquiring an additional 107 shares during the last quarter. Equitable Holdings Inc. boosted its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 6.9% during the 3rd quarter. Equitable Holdings Inc. now owns 4,031 shares of the company’s stock worth $350,000 after acquiring an additional 260 shares during the last quarter. WealthShield Partners LLC grew its position in shares of AdvisorShares Dorsey Wright ADR ETF by 30.6% during the 1st quarter. WealthShield Partners LLC now owns 4,459 shares of the company’s stock valued at $364,000 after acquiring an additional 1,045 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of AdvisorShares Dorsey Wright ADR ETF during the 1st quarter valued at $509,000.

About AdvisorShares Dorsey Wright ADR ETF

The AdvisorShares Dorsey Wright ADR ETF (AADR) is an exchange-traded fund that is based on the BNY Mellon Classic ADR index. The fund is an actively managed ETF that aims to outperform the international markets outside the US by holding ADRs with high relative strength. AADR was launched on Jul 20, 2010 and is managed by m.