AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Up 35,176.9% in August

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,586 shares, a growth of 35,176.9% from the July 30th total of 13 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,834 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of AdvisorShares Dorsey Wright ADR ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of AdvisorShares Dorsey Wright ADR ETF during the 1st quarter valued at about $509,000. Equitable Holdings Inc. lifted its stake in shares of 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 worth $350,000 after acquiring an additional 260 shares in the last quarter. Raymond James Financial Inc. increased its holdings in AdvisorShares Dorsey Wright ADR ETF by 84.8% during the 3rd quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock worth $2,328,000 after purchasing an additional 12,315 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 170.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 32,205 shares of the company’s stock valued at $2,794,000 after buying an additional 20,316 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in AdvisorShares Dorsey Wright ADR ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock valued at $1,432,000 after acquiring an additional 2,673 shares in the last quarter.

AdvisorShares Dorsey Wright ADR ETF Stock Performance

NASDAQ AADR traded up $0.60 during trading hours on Tuesday, hitting $84.32. 1,460 shares of the company’s stock were exchanged, compared to its average volume of 3,153. The firm has a market capitalization of $38.79 million, a P/E ratio of 13.70 and a beta of 0.93. The business’s 50 day moving average is $83.15 and its 200-day moving average is $85.37. AdvisorShares Dorsey Wright ADR ETF has a 12-month low of $77.69 and a 12-month high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

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

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.