AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Down 47.1% in July

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 364 shares, a decrease of 47.1% from the June 30th total of 688 shares. Based on an average daily volume of 6,292 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

AdvisorShares Focused Equity ETF Stock Down 0.7%

NYSEARCA CWS traded down $0.49 during trading on Wednesday, hitting $69.82. The company’s stock had a trading volume of 4,905 shares, compared to its average volume of 11,076. The firm has a 50 day moving average price of $68.22 and a 200 day moving average price of $67.92. The firm has a market cap of $131.96 million, a P/E ratio of 148.55 and a beta of 0.92. AdvisorShares Focused Equity ETF has a 52 week low of $63.09 and a 52 week high of $72.08.

Institutional Investors Weigh In On AdvisorShares Focused Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of CWS. Royal Bank of Canada acquired a new position in AdvisorShares Focused Equity ETF in the first quarter worth about $52,000. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Focused Equity ETF in the 2nd quarter valued at approximately $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of AdvisorShares Focused Equity ETF by 33.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock valued at $290,000 after purchasing an additional 1,078 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of AdvisorShares Focused Equity ETF by 35.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock valued at $433,000 after purchasing an additional 1,663 shares during the period. Finally, Beacon Pointe Advisors LLC raised its holdings in shares of AdvisorShares Focused Equity ETF by 9.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock worth $491,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Company Profile

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.