AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Update

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 539 shares, an increase of 75.0% from the May 14th total of 308 shares. Based on an average daily volume of 1,475 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright ADR ETF

Several hedge funds and other institutional investors have recently modified their holdings of AADR. Advisortrust Partners LLC acquired a new stake in AdvisorShares Dorsey Wright ADR ETF in the first quarter worth about $60,000. Barometer Capital Management Inc. acquired a new stake in AdvisorShares Dorsey Wright ADR ETF during the 3rd quarter worth about $234,000. Janney Montgomery Scott LLC raised its holdings 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 worth $312,000 after buying an additional 107 shares during the period. Equitable Holdings Inc. raised its holdings in AdvisorShares Dorsey Wright ADR ETF by 6.9% during the 3rd quarter. Equitable Holdings Inc. now owns 4,031 shares of the company’s stock worth $350,000 after buying an additional 260 shares during the period. Finally, WealthShield Partners LLC increased its holdings in shares of 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 valued at $364,000 after purchasing an additional 1,045 shares during the period.

AdvisorShares Dorsey Wright ADR ETF Price Performance

AADR stock opened at $84.25 on Tuesday. AdvisorShares Dorsey Wright ADR ETF has a 1-year low of $75.51 and a 1-year high of $98.38. The firm has a fifty day moving average price of $85.18 and a two-hundred day moving average price of $87.37. The firm has a market cap of $45.50 million, a price-to-earnings ratio of 13.70 and a beta of 0.93.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.0509 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.2%.

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.