Shares of AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS – Get Free Report) shot up 0.9% during trading on Thursday . The stock traded as high as $60.11 and last traded at $60.11. 4,720 shares changed hands during mid-day trading, an increase of 194% from the average daily volume of 1,606 shares. The stock had previously closed at $59.59.
AdvisorShares Dorsey Wright FSM US Core ETF Stock Performance
The firm has a market cap of $122.55 million, a price-to-earnings ratio of 27.28 and a beta of 1.01. The business’s 50-day moving average is $60.05 and its 200-day moving average is $57.44.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Montanova Capital LLC bought a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter valued at $620,334,000. Compass Financial Management LLC acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter worth $41,029,000. Osaic Holdings Inc. grew its stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 1.6% during the fourth quarter. Osaic Holdings Inc. now owns 410,508 shares of the company’s stock worth $22,257,000 after purchasing an additional 6,421 shares during the period. Corient Private Wealth LP bought a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at about $17,916,000. Finally, A. D. Beadell Investment Counsel Inc. bought a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at about $5,249,000.
About AdvisorShares Dorsey Wright FSM US Core ETF
The AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) is an exchange-traded fund that is based on the S&P 500 Managed Risk 2.0 index. The fund is an actively managed fund of funds of US large-caps that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWUS was launched on Dec 26, 2019 and is managed by AdvisorShares.
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