AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Sees Significant Growth in Short Interest

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 539 shares, a growth of 75.0% from the May 14th total of 308 shares. Based on an average daily trading volume, of 1,475 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

AdvisorShares Dorsey Wright ADR ETF Stock Up 0.5%

Shares of NASDAQ AADR traded up $0.45 during mid-day trading on Monday, reaching $84.02. 2,422 shares of the company were exchanged, compared to its average volume of 3,154. The stock has a market cap of $45.37 million, a price-to-earnings ratio of 13.70 and a beta of 0.93. AdvisorShares Dorsey Wright ADR ETF has a 1 year low of $75.51 and a 1 year high of $98.38. The firm has a 50-day moving average of $85.16 and a 200 day moving average of $87.37.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were paid a dividend of $0.0509 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, March 23rd.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright ADR ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its stake in AdvisorShares Dorsey Wright ADR ETF by 170.9% in the third quarter. Integrated Wealth Concepts LLC now owns 32,205 shares of the company’s stock valued at $2,794,000 after buying an additional 20,316 shares during the last quarter. Raymond James Financial Inc. raised its stake in AdvisorShares Dorsey Wright ADR ETF by 84.8% in the third quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock valued at $2,328,000 after buying an additional 12,315 shares during the last quarter. LPL Financial LLC raised its stake in AdvisorShares Dorsey Wright ADR ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock valued at $1,432,000 after buying an additional 2,673 shares during the last quarter. Virtu Financial LLC purchased a new stake in AdvisorShares Dorsey Wright ADR ETF in the fourth quarter valued at about $861,000. Finally, Jane Street Group LLC purchased a new stake in AdvisorShares Dorsey Wright ADR ETF in the first quarter valued at about $509,000.

About AdvisorShares Dorsey Wright ADR ETF

The AdvisorShares Dorsey Wright ADR ETF (AADR) is an exchange-traded fund that is based on the BNY Mellon Classic ADR index. The fund is an actively managed ETF that aims to outperform the international markets outside the US by holding ADRs with high relative strength. AADR was launched on Jul 20, 2010 and is managed by m.