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

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 6,700 shares, an increase of 81.1% from the August 31st total of 3,700 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 1.6 days.

AdvisorShares Dorsey Wright ADR ETF Stock Performance

Shares of AADR stock opened at $86.26 on Friday. The stock’s 50 day simple moving average is $83.04 and its 200 day simple moving average is $78.42. AdvisorShares Dorsey Wright ADR ETF has a twelve month low of $61.52 and a twelve month high of $87.64. The company has a market capitalization of $45.72 million, a price-to-earnings ratio of 13.70 and a beta of 0.99.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.101 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

Institutional Trading of AdvisorShares Dorsey Wright ADR ETF

Several large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in AdvisorShares Dorsey Wright ADR ETF in the 1st quarter valued at $509,000. CW Advisors LLC bought a new stake in AdvisorShares Dorsey Wright ADR ETF during the second quarter valued at about $349,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the first quarter valued at about $321,000. Osaic Holdings Inc. grew its position in shares of AdvisorShares Dorsey Wright ADR ETF by 13.7% in the second quarter. Osaic Holdings Inc. now owns 24,216 shares of the company’s stock valued at $1,913,000 after purchasing an additional 2,918 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 45.5% in the first quarter. OneDigital Investment Advisors LLC now owns 7,653 shares of the company’s stock worth $569,000 after purchasing an additional 2,394 shares during the period.

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.