AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Short Interest Down 93.3% in March

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 44 shares, a decline of 93.3% from the March 15th total of 660 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 6,792 shares, the days-to-cover ratio is currently 0.0 days.

AdvisorShares Dorsey Wright ADR ETF Trading Down 0.1%

NASDAQ AADR opened at $86.82 on Friday. The stock has a market capitalization of $47.75 million, a price-to-earnings ratio of 13.70 and a beta of 0.98. AdvisorShares Dorsey Wright ADR ETF has a twelve month low of $66.90 and a twelve month high of $98.38. The stock has a 50-day moving average of $88.04 and a 200 day moving average of $87.17.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0509 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, March 23rd.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright ADR ETF

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 170.2% in the third quarter. Farther Finance Advisors LLC now owns 2,116 shares of the company’s stock valued at $184,000 after purchasing an additional 1,333 shares during the last quarter. McCarthy & Cox acquired a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the third quarter valued at approximately $202,000. Barometer Capital Management Inc. acquired a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the third quarter valued at approximately $234,000. WealthShield Partners LLC acquired a new stake in shares of AdvisorShares Dorsey Wright ADR ETF in the third quarter valued at approximately $290,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 3.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,612 shares of the company’s stock valued at $312,000 after purchasing an additional 107 shares during the last quarter.

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.