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

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 660 shares, a decrease of 86.4% from the February 26th total of 4,847 shares. Based on an average trading volume of 2,748 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

AdvisorShares Dorsey Wright ADR ETF Trading Up 1.6%

Shares of NASDAQ AADR opened at $81.71 on Thursday. The stock has a market cap of $44.94 million, a P/E ratio of 13.70 and a beta of 0.93. The business’s fifty day simple moving average is $90.69 and its 200-day simple moving average is $87.34. AdvisorShares Dorsey Wright ADR ETF has a 12-month low of $61.52 and a 12-month high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 23rd will be given a $0.0509 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright ADR ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its stake in shares of AdvisorShares Dorsey Wright ADR ETF by 170.9% during the third quarter. Integrated Wealth Concepts LLC now owns 32,205 shares of the company’s stock worth $2,794,000 after buying an additional 20,316 shares during the period. Raymond James Financial Inc. lifted 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 worth $2,328,000 after acquiring an additional 12,315 shares during the last quarter. Osaic Holdings Inc. lifted its stake in 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 worth $1,913,000 after acquiring an additional 2,918 shares during the last quarter. LPL Financial LLC grew its holdings in AdvisorShares Dorsey Wright ADR ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock worth $1,432,000 after acquiring an additional 2,673 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in AdvisorShares Dorsey Wright ADR ETF during the 4th quarter worth approximately $861,000.

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.