AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Short Interest Up 271.3% in June

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 104,375 shares, an increase of 271.3% from the June 15th total of 28,109 shares. Approximately 6.1% of the company’s shares are sold short. Based on an average daily volume of 34,028 shares, the days-to-cover ratio is presently 3.1 days.

AdvisorShares Dorsey Wright Short ETF Trading Down 0.8%

Shares of DWSH traded down $0.05 during midday trading on Monday, hitting $6.09. 8,026 shares of the stock were exchanged, compared to its average volume of 54,748. AdvisorShares Dorsey Wright Short ETF has a 52-week low of $5.57 and a 52-week high of $7.50. The stock has a fifty day simple moving average of $6.39 and a 200 day simple moving average of $6.34.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright Short ETF

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in AdvisorShares Dorsey Wright Short ETF by 50.2% during the 1st quarter. Royal Bank of Canada now owns 13,776 shares of the company’s stock valued at $90,000 after acquiring an additional 4,602 shares during the period. OLD Mission Capital LLC purchased a new stake in AdvisorShares Dorsey Wright Short ETF during the fourth quarter worth about $94,000. Private Advisor Group LLC increased its stake in AdvisorShares Dorsey Wright Short ETF by 22.0% during the third quarter. Private Advisor Group LLC now owns 15,500 shares of the company’s stock worth $106,000 after purchasing an additional 2,800 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of AdvisorShares Dorsey Wright Short ETF during the second quarter worth about $175,000. Finally, Osaic Holdings Inc. lifted its position in shares of AdvisorShares Dorsey Wright Short ETF by 1.4% during the fourth quarter. Osaic Holdings Inc. now owns 370,688 shares of the company’s stock worth $2,387,000 after purchasing an additional 4,942 shares in the last quarter.

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.