Short Interest in AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Drops By 66.3%

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

AdvisorShares Dorsey Wright ADR ETF Price Performance

Shares of AADR stock traded down $1.18 on Monday, hitting $83.99. 2,595 shares of the stock traded hands, compared to its average volume of 3,040. The firm has a market cap of $38.64 million, a price-to-earnings ratio of 13.70 and a beta of 0.93. AdvisorShares Dorsey Wright ADR ETF has a 52 week low of $77.69 and a 52 week high of $98.38. The firm has a 50 day simple moving average of $83.77 and a two-hundred day simple moving average of $84.41.

AdvisorShares Dorsey Wright ADR ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders 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 2.1%. The ex-dividend date was Tuesday, June 23rd.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright ADR ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisortrust Partners LLC bought a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the first quarter worth about $60,000. Janney Montgomery Scott LLC raised its stake in AdvisorShares Dorsey Wright ADR ETF by 3.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,612 shares of the company’s stock valued at $312,000 after purchasing an additional 107 shares during the period. Equitable Holdings Inc. lifted its holdings in AdvisorShares Dorsey Wright ADR ETF by 6.9% in the 3rd quarter. Equitable Holdings Inc. now owns 4,031 shares of the company’s stock worth $350,000 after purchasing an additional 260 shares in the last quarter. WealthShield Partners LLC lifted its holdings in AdvisorShares Dorsey Wright ADR ETF by 30.6% in the 1st quarter. WealthShield Partners LLC now owns 4,459 shares of the company’s stock worth $364,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in AdvisorShares Dorsey Wright ADR ETF in the 1st quarter worth approximately $509,000.

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.