AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Sees Large Decline in Short Interest

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 51,800 shares, a drop of 50.0% from the February 13th total of 103,700 shares. Based on an average trading volume of 56,900 shares, the short-interest ratio is currently 0.9 days. Approximately 2.8% of the company’s shares are short sold.

Institutional Trading of AdvisorShares Dorsey Wright Short ETF

A hedge fund recently bought a new stake in AdvisorShares Dorsey Wright Short ETF stock. Raymond James Financial Inc. bought a new position in shares of AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 108,449 shares of the company’s stock, valued at approximately $762,000. Raymond James Financial Inc. owned approximately 5.77% of AdvisorShares Dorsey Wright Short ETF at the end of the most recent quarter.

AdvisorShares Dorsey Wright Short ETF Stock Down 1.8 %

NASDAQ:DWSH traded down $0.14 during trading hours on Friday, reaching $7.46. 84,502 shares of the stock were exchanged, compared to its average volume of 32,758. AdvisorShares Dorsey Wright Short ETF has a twelve month low of $6.66 and a twelve month high of $7.77. The business has a 50-day moving average of $7.07 and a two-hundred day moving average of $7.18.

AdvisorShares Dorsey Wright Short ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 23rd were issued a $0.4339 dividend. The ex-dividend date was Monday, December 23rd.

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.