AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Up 39.0% in January
by Doug Wharley · The Cerbat GemAdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 13,218 shares, an increase of 39.0% from the December 31st total of 9,510 shares. Based on an average trading volume of 16,595 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 16,595 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Trading of AdvisorShares Focused Equity ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sigma Planning Corp increased its stake in AdvisorShares Focused Equity ETF by 442.9% during the 4th quarter. Sigma Planning Corp now owns 18,976 shares of the company’s stock valued at $1,313,000 after purchasing an additional 15,481 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of AdvisorShares Focused Equity ETF by 11.7% in the fourth quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock worth $674,000 after purchasing an additional 1,025 shares during the last quarter. United Advisor Group LLC purchased a new stake in shares of AdvisorShares Focused Equity ETF in the fourth quarter worth approximately $1,374,000. Raymond James Financial Inc. lifted its holdings in shares of AdvisorShares Focused Equity ETF by 2,262.3% in the third quarter. Raymond James Financial Inc. now owns 29,080 shares of the company’s stock valued at $1,996,000 after purchasing an additional 27,849 shares in the last quarter. Finally, Perennial Investment Advisors LLC boosted its position in shares of AdvisorShares Focused Equity ETF by 46.0% during the third quarter. Perennial Investment Advisors LLC now owns 5,905 shares of the company’s stock valued at $405,000 after buying an additional 1,860 shares during the last quarter. 7.19% of the stock is owned by institutional investors.
AdvisorShares Focused Equity ETF Stock Performance
Shares of NYSEARCA:CWS traded down $0.71 during mid-day trading on Friday, reaching $68.66. 11,121 shares of the company’s stock were exchanged, compared to its average volume of 13,026. AdvisorShares Focused Equity ETF has a twelve month low of $58.36 and a twelve month high of $72.08. The firm has a market capitalization of $179.20 million, a price-to-earnings ratio of 146.09 and a beta of 0.97. The business’s fifty day moving average price is $69.86 and its 200-day moving average price is $69.00.
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.