AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Update

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,343 shares, an increase of 543.7% from the July 15th total of 364 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 3,827 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On AdvisorShares Focused Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada acquired a new position in shares of AdvisorShares Focused Equity ETF during the first quarter valued at about $52,000. Raymond James Financial Inc. bought a new stake in AdvisorShares Focused Equity ETF in the 2nd quarter valued at about $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in 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 buying an additional 1,078 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in AdvisorShares Focused Equity ETF by 35.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock worth $433,000 after buying an additional 1,663 shares during the period. Finally, Beacon Pointe Advisors LLC raised its stake in AdvisorShares Focused Equity ETF by 9.2% during 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 during the period. 7.19% of the stock is owned by institutional investors.

AdvisorShares Focused Equity ETF Price Performance

Shares of NYSEARCA:CWS traded up $0.12 during mid-day trading on Thursday, hitting $73.42. The company had a trading volume of 4,397 shares, compared to its average volume of 10,708. AdvisorShares Focused Equity ETF has a one year low of $63.09 and a one year high of $73.60. The firm has a fifty day moving average price of $69.22 and a 200 day moving average price of $68.00. The company has a market capitalization of $135.09 million, a PE ratio of 156.21 and a beta of 0.92.

About AdvisorShares Focused Equity ETF

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.