AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Sees Significant Growth in Short Interest

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 609 shares, an increase of 351.1% from the August 15th total of 135 shares. Based on an average trading volume of 2,630 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

AdvisorShares Focused Equity ETF Stock Up 1.3%

NYSEARCA CWS traded up $0.92 on Friday, reaching $69.26. The company had a trading volume of 8,864 shares, compared to its average volume of 9,887. The stock has a market capitalization of $127.44 million, a PE ratio of 147.36 and a beta of 0.92. AdvisorShares Focused Equity ETF has a 12 month low of $63.09 and a 12 month high of $74.05. The firm’s 50 day moving average price is $70.89 and its 200 day moving average price is $68.58.

Institutional Investors Weigh In On AdvisorShares Focused Equity ETF

Large investors have recently made changes to their positions in the company. Royal Bank of Canada purchased a new stake in shares of AdvisorShares Focused Equity ETF in the first quarter worth about $52,000. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Focused Equity ETF in the 2nd quarter worth about $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of AdvisorShares Focused Equity ETF by 33.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock valued at $290,000 after buying an additional 1,078 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of AdvisorShares Focused Equity ETF by 35.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock valued at $433,000 after buying an additional 1,663 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in shares of AdvisorShares Focused Equity ETF by 9.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock valued at $491,000 after acquiring an additional 600 shares during the last quarter. 7.19% of the stock is owned by institutional investors.

AdvisorShares Focused Equity ETF Company Profile

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.