AdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 135 shares, a decline of 94.2% from the July 30th total of 2,343 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,580 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of AdvisorShares Focused Equity ETF
Large investors have recently modified their holdings of the stock. Royal Bank of Canada bought a new stake in AdvisorShares Focused Equity ETF during the first quarter worth about $52,000. Raymond James Financial Inc. acquired a new stake in AdvisorShares Focused Equity ETF during the second quarter worth about $86,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings 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 during the period. Cornerstone Wealth Management LLC increased its holdings in AdvisorShares Focused Equity ETF by 35.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,303 shares of the company’s stock valued at $433,000 after buying an additional 1,663 shares during the period. Finally, Beacon Pointe Advisors LLC raised its position in shares of AdvisorShares Focused Equity ETF by 9.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock valued at $491,000 after buying an additional 600 shares in the last quarter. 7.19% of the stock is owned by institutional investors and hedge funds.
AdvisorShares Focused Equity ETF Price Performance
AdvisorShares Focused Equity ETF stock traded down $0.58 during mid-day trading on Tuesday, reaching $72.86. 2,839 shares of the company were exchanged, compared to its average volume of 10,289. The company has a fifty day simple moving average of $70.06 and a 200-day simple moving average of $68.25. AdvisorShares Focused Equity ETF has a 12 month low of $63.09 and a 12 month high of $74.05. The firm has a market cap of $134.06 million, a PE ratio of 155.02 and a beta of 0.92.
AdvisorShares Focused Equity ETF Company Profile
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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