AdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 50 shares, a decrease of 91.8% from the August 31st total of 609 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,891 shares, the days-to-cover ratio is presently 0.0 days.
AdvisorShares Focused Equity ETF Stock Performance
Shares of CWS stock traded down $0.44 during trading on Thursday, hitting $67.25. 4,660 shares of the company were exchanged, compared to its average volume of 9,684. The business’s 50-day simple moving average is $70.83 and its 200 day simple moving average is $68.51. AdvisorShares Focused Equity ETF has a twelve month low of $63.09 and a twelve month high of $74.05. The firm has a market capitalization of $119.03 million, a price-to-earnings ratio of 143.09 and a beta of 0.92.
Institutional Investors Weigh In On AdvisorShares Focused Equity ETF
A number of institutional investors have recently modified their holdings of CWS. Royal Bank of Canada acquired a new position in shares of AdvisorShares Focused Equity ETF in the first quarter worth $52,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in AdvisorShares Focused Equity ETF by 33.9% during the second 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 last quarter. D.A. Davidson & CO. grew its stake in AdvisorShares Focused Equity ETF by 13.9% in the first quarter. D.A. Davidson & CO. now owns 11,162 shares of the company’s stock valued at $723,000 after purchasing an additional 1,362 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in AdvisorShares Focused Equity ETF by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 23,986 shares of the company’s stock valued at $1,553,000 after purchasing an additional 11,993 shares in the last quarter. Finally, Sigma Planning Corp increased its position in AdvisorShares Focused Equity ETF by 55.2% in the 1st quarter. Sigma Planning Corp now owns 29,460 shares of the company’s stock worth $1,908,000 after purchasing an additional 10,484 shares during the last quarter. Institutional investors and hedge funds own 7.19% of the company’s stock.
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.
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