AdvisorShares Focused Equity ETF (NYSEARCA:CWS – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 673 shares, an increase of 1,246.0% from the September 15th total of 50 shares. Based on an average trading volume of 5,926 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Institutional Investors Weigh In On AdvisorShares Focused Equity ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Stone Wealth Partners acquired a new position in AdvisorShares Focused Equity ETF in the 4th quarter valued at $2,329,000. Patriot Financial Group Insurance Agency LLC increased 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 acquiring an additional 11,993 shares during the last quarter. Sigma Planning Corp increased its stake in shares of AdvisorShares Focused Equity ETF by 55.2% in the 1st 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 last quarter. Mason & Associates Inc raised its stake in AdvisorShares Focused Equity ETF by 6.6% during the first quarter. Mason & Associates Inc now owns 48,375 shares of the company’s stock worth $3,066,000 after acquiring an additional 2,999 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in AdvisorShares Focused Equity ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 68,388 shares of the company’s stock worth $4,429,000 after purchasing an additional 2,260 shares in the last quarter. 7.19% of the stock is currently owned by institutional investors and hedge funds.
AdvisorShares Focused Equity ETF Price Performance
AdvisorShares Focused Equity ETF stock traded up $0.36 during midday trading on Friday, hitting $67.78. The company’s stock had a trading volume of 3,638 shares, compared to its average volume of 9,535. The company has a market cap of $119.97 million, a price-to-earnings ratio of 144.21 and a beta of 0.92. AdvisorShares Focused Equity ETF has a 1-year low of $63.09 and a 1-year high of $74.05. The company has a 50-day moving average price of $70.32 and a two-hundred day moving average price of $68.57.
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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