AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Shares Up 3.1% – What’s Next?

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) shares were up 3.1% during trading on Thursday . The stock traded as high as $6.42 and last traded at $6.40. Approximately 17,671 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 44,596 shares. The stock had previously closed at $6.21.

AdvisorShares Dorsey Wright Short ETF Trading Up 3.1%

The company has a 50-day simple moving average of $6.40 and a two-hundred day simple moving average of $6.56.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright Short ETF

Several hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new position in AdvisorShares Dorsey Wright Short ETF in the fourth quarter worth $94,000. Private Advisor Group LLC grew its position in shares of AdvisorShares Dorsey Wright Short ETF by 22.0% in the 3rd quarter. Private Advisor Group LLC now owns 15,500 shares of the company’s stock worth $106,000 after buying an additional 2,800 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of AdvisorShares Dorsey Wright Short ETF in the 2nd quarter worth about $175,000. Cibc World Market Inc. bought a new position in shares of AdvisorShares Dorsey Wright Short ETF in the 3rd quarter worth about $189,000. Finally, Osaic Holdings Inc. increased its stake in shares of AdvisorShares Dorsey Wright Short ETF by 7,050.9% in the 2nd quarter. Osaic Holdings Inc. now owns 253,500 shares of the company’s stock worth $1,883,000 after acquiring an additional 249,955 shares in the last quarter.

AdvisorShares Dorsey Wright Short ETF Company Profile

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.