AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Short Interest Down 61.6% in July

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 9,800 shares, a drop of 61.6% from the July 15th total of 25,500 shares. Based on an average daily volume of 20,700 shares, the days-to-cover ratio is currently 0.5 days.

AdvisorShares Dorsey Wright Short ETF Stock Performance

Shares of NASDAQ:DWSH traded down $0.14 during midday trading on Tuesday, hitting $7.47. 11,175 shares of the company’s stock traded hands, compared to its average volume of 30,897. The firm’s fifty day moving average price is $7.38 and its two-hundred day moving average price is $7.33. AdvisorShares Dorsey Wright Short ETF has a twelve month low of $6.91 and a twelve month high of $10.12.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright Short ETF

A hedge fund recently raised its stake in AdvisorShares Dorsey Wright Short ETF stock. Kestra Private Wealth Services LLC boosted its position in AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,645 shares of the company’s stock after buying an additional 5,578 shares during the quarter. Kestra Private Wealth Services LLC owned 8.69% of AdvisorShares Dorsey Wright Short ETF worth $1,328,000 at the end of the most recent 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.