Short Interest in AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Declines By 93.8%

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 3,200 shares, a decline of 93.8% from the February 28th total of 51,800 shares. Based on an average trading volume of 51,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright Short ETF

An institutional investor recently bought a new position in AdvisorShares Dorsey Wright Short ETF stock. Raymond James Financial Inc. purchased a new position in shares of AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 108,449 shares of the company’s stock, valued at approximately $762,000. Raymond James Financial Inc. owned about 5.77% of AdvisorShares Dorsey Wright Short ETF as of its most recent SEC filing.

AdvisorShares Dorsey Wright Short ETF Stock Up 0.3 %

Shares of NASDAQ DWSH traded up $0.02 during midday trading on Wednesday, reaching $7.34. 31,391 shares of the company traded hands, compared to its average volume of 33,247. The stock’s 50-day simple moving average is $7.11 and its 200-day simple moving average is $7.18. AdvisorShares Dorsey Wright Short ETF has a 12 month low of $6.66 and a 12 month high of $7.77.

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.