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

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,544 shares, a drop of 66.3% from the August 15th total of 4,586 shares. Based on an average daily trading volume, of 2,021 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the 4th quarter valued at $861,000. Integrated Wealth Concepts LLC raised its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 170.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 32,205 shares of the company’s stock worth $2,794,000 after buying an additional 20,316 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of AdvisorShares Dorsey Wright ADR ETF by 84.8% during the 3rd quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock worth $2,328,000 after buying an additional 12,315 shares during the last quarter. LPL Financial LLC lifted its position in shares of AdvisorShares Dorsey Wright ADR ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock worth $1,432,000 after buying an additional 2,673 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in AdvisorShares Dorsey Wright ADR ETF in the first quarter valued at about $509,000.

AdvisorShares Dorsey Wright ADR ETF Stock Up 0.8%

Shares of NASDAQ:AADR traded up $0.65 during midday trading on Friday, hitting $85.09. The stock had a trading volume of 936 shares, compared to its average volume of 3,043. The company’s 50-day moving average price is $83.77 and its 200-day moving average price is $84.48. The company has a market capitalization of $39.14 million, a P/E ratio of 13.70 and a beta of 0.93. AdvisorShares Dorsey Wright ADR ETF has a fifty-two week low of $77.69 and a fifty-two week high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Tuesday, June 23rd were paid a $0.4358 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

AdvisorShares Dorsey Wright ADR ETF Company Profile

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.