AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Short Interest Down 93.8% in March

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,200 shares, a decrease of 93.8% from the February 28th total of 51,800 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 51,200 shares, the days-to-cover ratio is presently 0.1 days.

AdvisorShares Dorsey Wright Short ETF Price Performance

Shares of NASDAQ:DWSH traded up $0.15 during trading on Friday, hitting $7.48. 30,160 shares of the stock were exchanged, compared to its average volume of 33,283. The company’s fifty day simple moving average is $7.13 and its 200-day simple moving average is $7.18. AdvisorShares Dorsey Wright Short ETF has a 1-year low of $6.66 and a 1-year high of $7.77.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright Short ETF

A hedge fund recently bought a new stake in AdvisorShares Dorsey Wright Short ETF stock. Raymond James Financial Inc. bought a new stake in AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 108,449 shares of the company’s stock, valued at approximately $762,000. Raymond James Financial Inc. owned 5.77% of AdvisorShares Dorsey Wright Short ETF as of its most recent SEC filing.

AdvisorShares Dorsey Wright Short ETF Company Profile

The AdvisorShares Dorsey Wright Short ETF (DWSH) is an exchange-traded fund that is based on the Russell 3000 index. The fund is actively managed to achieve long-term capital appreciation by shorting US-listed large-cap companies exhibiting weak relative strength. DWSH was launched on Jul 10, 2018 and is managed by AdvisorShares.