AdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 609 shares, a growth of 351.1% from the August 15th total of 135 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,630 shares, the days-to-cover ratio is presently 0.2 days.
AdvisorShares Focused Equity ETF Stock Performance
CWS stock traded up $0.93 during midday trading on Friday, reaching $69.27. 2,006 shares of the company were exchanged, compared to its average volume of 9,847. The stock’s 50-day simple moving average is $70.88 and its 200 day simple moving average is $68.57. AdvisorShares Focused Equity ETF has a 1-year low of $63.09 and a 1-year high of $74.05. The company has a market cap of $127.45 million, a price-to-earnings ratio of 147.28 and a beta of 0.92.
Institutional Investors Weigh In On AdvisorShares Focused Equity ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Beacon Pointe Advisors LLC grew its stake in shares of AdvisorShares Focused Equity ETF by 9.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock worth $491,000 after purchasing an additional 600 shares during the period. Royal Bank of Canada acquired a new stake in shares of AdvisorShares Focused Equity ETF in the first quarter valued at about $52,000. MML Investors Services LLC lifted its stake in shares of AdvisorShares Focused Equity ETF by 11.0% in the fourth quarter. MML Investors Services LLC now owns 8,216 shares of the company’s stock valued at $565,000 after purchasing an additional 815 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings 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 worth $290,000 after buying an additional 1,078 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in AdvisorShares Focused Equity ETF during the second quarter worth about $86,000. 7.19% of the stock is owned by hedge funds and other institutional investors.
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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