Short Interest in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Increases By 324.7%

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 688 shares, an increase of 324.7% from the June 15th total of 162 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 7,128 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CWS. Royal Bank of Canada purchased a new stake in AdvisorShares Focused Equity ETF during the 1st quarter worth about $52,000. Raymond James Financial Inc. acquired a new position in shares of AdvisorShares Focused Equity ETF during the second quarter worth about $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased 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 buying an additional 1,078 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of AdvisorShares Focused Equity ETF by 35.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock worth $433,000 after buying an additional 1,663 shares during the period. Finally, Beacon Pointe Advisors LLC increased its stake in shares of AdvisorShares Focused Equity ETF by 9.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock worth $491,000 after buying an additional 600 shares during the period. 7.19% of the stock is owned by institutional investors and hedge funds.

AdvisorShares Focused Equity ETF Stock Down 0.4%

CWS stock traded down $0.25 during midday trading on Friday, hitting $68.15. The company’s stock had a trading volume of 7,646 shares, compared to its average volume of 11,745. The firm has a 50-day simple moving average of $67.83 and a 200-day simple moving average of $68.00. The firm has a market capitalization of $129.49 million, a P/E ratio of 145.00 and a beta of 0.92. AdvisorShares Focused Equity ETF has a 52-week low of $63.09 and a 52-week high of $72.08.

About AdvisorShares Focused Equity ETF

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.