Short Interest in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Declines By 98.1%

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 201 shares, a drop of 98.1% from the April 15th total of 10,357 shares. Based on an average daily trading volume, of 11,609 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. boosted its stake in shares of 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 during the period. Sigma Planning Corp boosted its stake in shares of AdvisorShares Focused Equity ETF by 55.2% in the first quarter. Sigma Planning Corp now owns 29,460 shares of the company’s stock valued at $1,908,000 after purchasing an additional 10,484 shares during the period. Mason & Associates Inc boosted its stake in shares of AdvisorShares Focused Equity ETF by 6.6% in the first quarter. Mason & Associates Inc now owns 48,375 shares of the company’s stock valued at $3,066,000 after purchasing an additional 2,999 shares during the period. Kestra Advisory Services LLC boosted its holdings in AdvisorShares Focused Equity ETF by 1.7% in the first quarter. Kestra Advisory Services LLC now owns 98,134 shares of the company’s stock valued at $6,355,000 after purchasing an additional 1,670 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings 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 during the period. Hedge funds and other institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Stock Performance

NYSEARCA CWS opened at $67.42 on Wednesday. The firm has a 50 day simple moving average of $66.83 and a 200-day simple moving average of $68.19. AdvisorShares Focused Equity ETF has a one year low of $63.09 and a one year high of $72.08. The firm has a market cap of $153.04 million, a price-to-earnings ratio of 143.45 and a beta of 0.95.

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.