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

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 276 shares, an increase of 527.3% from the March 31st total of 44 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,969 shares, the days-to-cover ratio is currently 0.1 days.

AdvisorShares Dorsey Wright ADR ETF Stock Up 0.6%

Shares of AADR stock opened at $84.05 on Friday. The stock has a market cap of $45.39 million, a PE ratio of 13.70 and a beta of 0.98. The business has a 50-day simple moving average of $86.53 and a 200-day simple moving average of $87.14. AdvisorShares Dorsey Wright ADR ETF has a 52-week low of $73.11 and a 52-week high of $98.38.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were issued a $0.0509 dividend. The ex-dividend date of this dividend was 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

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its stake in AdvisorShares Dorsey Wright ADR ETF by 170.9% during the 3rd 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 in the last quarter. Raymond James Financial Inc. increased its stake in AdvisorShares Dorsey Wright ADR ETF by 84.8% during the 3rd quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock worth $2,328,000 after buying an additional 12,315 shares in the last quarter. Osaic Holdings Inc. increased its stake in AdvisorShares Dorsey Wright ADR ETF by 13.7% during the 2nd quarter. Osaic Holdings Inc. now owns 24,216 shares of the company’s stock worth $1,913,000 after buying an additional 2,918 shares in the last quarter. LPL Financial LLC increased its stake 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 buying an additional 2,673 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in AdvisorShares Dorsey Wright ADR ETF during the 4th quarter worth approximately $861,000.

AdvisorShares Dorsey Wright ADR ETF Company Profile

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.