AdvisorShares Dorsey Wright FSM All Cap World ETF (NASDAQ:DWAW) Sees Large Growth in Short Interest

AdvisorShares Dorsey Wright FSM All Cap World ETF (NASDAQ:DWAW) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 5,700 shares, a growth of 90.0% from the April 30th total of 3,000 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.3% of the company’s stock are short sold.

AdvisorShares Dorsey Wright FSM All Cap World ETF Trading Down 0.2%

Shares of NASDAQ:DWAW traded down $0.07 during trading on Friday, hitting $40.18. 58 shares of the company were exchanged, compared to its average volume of 1,903. The stock has a market cap of $81.56 million, a price-to-earnings ratio of 24.84 and a beta of 0.91. AdvisorShares Dorsey Wright FSM All Cap World ETF has a fifty-two week low of $32.66 and a fifty-two week high of $42.54. The firm has a fifty day moving average price of $37.49 and a two-hundred day moving average price of $39.59.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of AdvisorShares Dorsey Wright FSM All Cap World ETF during the 4th quarter worth approximately $711,000. LPL Financial LLC increased its position in shares of AdvisorShares Dorsey Wright FSM All Cap World ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 8,505 shares of the company’s stock worth $341,000 after purchasing an additional 1,458 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of AdvisorShares Dorsey Wright FSM All Cap World ETF during the 4th quarter worth approximately $29,000. Virtus Wealth Solutions LLC acquired a new position in shares of AdvisorShares Dorsey Wright FSM All Cap World ETF during the 4th quarter worth approximately $63,274,000. Finally, Harvest Investment Services LLC acquired a new position in shares of AdvisorShares Dorsey Wright FSM All Cap World ETF during the 4th quarter worth approximately $380,000.

AdvisorShares Dorsey Wright FSM All Cap World ETF Company Profile

The AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) is an exchange-traded fund that is based on the FTSE Global All Cap index. The fund is an actively managed fund of funds that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWAW was launched on Dec 26, 2019 and is managed by AdvisorShares.