Short Interest in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Decreases By 98.1%
by Jessica Moore · The Cerbat GemAdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 201 shares, a decline of 98.1% from the April 15th total of 10,357 shares. Based on an average daily volume of 11,609 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On AdvisorShares Focused Equity ETF
Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of AdvisorShares Focused Equity ETF during the 2nd quarter worth approximately $86,000. D.A. Davidson & CO. lifted its stake in shares of AdvisorShares Focused Equity ETF by 2.9% in the third quarter. D.A. Davidson & CO. now owns 8,775 shares of the company’s stock valued at $602,000 after purchasing an additional 250 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of AdvisorShares Focused Equity ETF by 7.7% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,503 shares of the company’s stock valued at $240,000 after acquiring an additional 249 shares during the period. Millstone Evans Group LLC boosted its stake in shares of AdvisorShares Focused Equity ETF by 18.0% during the 3rd quarter. Millstone Evans Group LLC now owns 9,331 shares of the company’s stock worth $640,000 after acquiring an additional 1,424 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in shares of AdvisorShares Focused Equity ETF in the 3rd quarter worth approximately $205,000. 7.19% of the stock is owned by institutional investors and hedge funds.
AdvisorShares Focused Equity ETF Trading Down 0.4%
Shares of NYSEARCA CWS traded down $0.29 during trading hours on Tuesday, reaching $66.81. The stock had a trading volume of 6,112 shares, compared to its average volume of 12,626. The firm has a market cap of $151.66 million, a price-to-earnings ratio of 142.15 and a beta of 0.95. AdvisorShares Focused Equity ETF has a fifty-two week low of $63.09 and a fifty-two week high of $72.08. The firm has a 50-day moving average of $66.87 and a 200-day moving average of $68.20.
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.