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

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 673 shares, an increase of 1,246.0% from the September 15th total of 50 shares. Based on an average trading volume of 5,926 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

AdvisorShares Focused Equity ETF Price Performance

Shares of NYSEARCA CWS traded up $0.36 during midday trading on Friday, hitting $67.78. 3,638 shares of the company’s stock were exchanged, compared to its average volume of 9,535. AdvisorShares Focused Equity ETF has a twelve month low of $63.09 and a twelve month high of $74.05. The company has a market cap of $119.97 million, a PE ratio of 144.21 and a beta of 0.92. The firm’s fifty day simple moving average is $70.32 and its 200-day simple moving average is $68.57.

Hedge Funds Weigh In On AdvisorShares Focused Equity ETF

Several hedge funds have recently added to or reduced their stakes in CWS. Stone Wealth Partners purchased a new stake in shares of AdvisorShares Focused Equity ETF during the 4th quarter worth approximately $2,329,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of AdvisorShares Focused Equity ETF by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 23,986 shares of the company’s stock valued at $1,553,000 after buying an additional 11,993 shares in the last quarter. Sigma Planning Corp grew its position in shares of AdvisorShares Focused Equity ETF by 55.2% in the 1st quarter. Sigma Planning Corp now owns 29,460 shares of the company’s stock valued at $1,908,000 after buying an additional 10,484 shares during the last quarter. Mason & Associates Inc grew its position in shares of AdvisorShares Focused Equity ETF by 6.6% in the 1st quarter. Mason & Associates Inc now owns 48,375 shares of the company’s stock valued at $3,066,000 after buying an additional 2,999 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in AdvisorShares Focused Equity ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 68,388 shares of the company’s stock worth $4,429,000 after acquiring an additional 2,260 shares in the last quarter. 7.19% of the stock is currently owned by hedge funds and other institutional investors.

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.