AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Shares Up 2.8% – Here’s What Happened

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH)’s share price shot up 2.8% on Thursday . The stock traded as high as $6.29 and last traded at $6.28. 53,641 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 50,022 shares. The stock had previously closed at $6.11.

AdvisorShares Dorsey Wright Short ETF Stock Performance

The stock has a 50 day simple moving average of $6.34 and a 200-day simple moving average of $6.72.

AdvisorShares Dorsey Wright Short ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 22nd were paid a $0.4064 dividend. The ex-dividend date was Monday, December 22nd. This represents a yield of 634.0%.

Institutional Trading of AdvisorShares Dorsey Wright Short ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in shares of AdvisorShares Dorsey Wright Short ETF by 22.0% in the third quarter. Private Advisor Group LLC now owns 15,500 shares of the company’s stock worth $106,000 after buying an additional 2,800 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Dorsey Wright Short ETF during the second quarter valued at approximately $175,000. Cibc World Market Inc. purchased a new position in AdvisorShares Dorsey Wright Short ETF in the 3rd quarter worth approximately $189,000. Finally, Osaic Holdings Inc. raised its holdings in AdvisorShares Dorsey Wright Short ETF by 7,050.9% in the 2nd quarter. Osaic Holdings Inc. now owns 253,500 shares of the company’s stock worth $1,883,000 after acquiring an additional 249,955 shares during the last quarter.

About AdvisorShares Dorsey Wright Short ETF

The AdvisorShares Dorsey Wright Short ETF (DWSH) is an exchange-traded fund that is based on the Russell 3000 index. The fund is actively managed to achieve long-term capital appreciation by shorting US-listed large-cap companies exhibiting weak relative strength. DWSH was launched on Jul 10, 2018 and is managed by AdvisorShares.