AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Sees Large Decline in Short Interest

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 31 shares, a decline of 81.2% from the June 30th total of 165 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,257 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

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

AdvisorShares Dorsey Wright ADR ETF Stock Down 1.2%

AADR opened at $82.85 on Friday. The company has a 50-day moving average price of $83.57 and a 200 day moving average price of $86.71. AdvisorShares Dorsey Wright ADR ETF has a twelve month low of $76.84 and a twelve month high of $98.38. The company has a market cap of $38.94 million, a PE ratio of 13.70 and a beta of 0.93.

AdvisorShares Dorsey Wright ADR ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.4358 per share. This represents a $1.74 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About AdvisorShares Dorsey Wright ADR ETF

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.