AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Short Interest Up 51.8% in April

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 10,357 shares, a growth of 51.8% from the March 31st total of 6,824 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 15,297 shares, the days-to-cover ratio is presently 0.7 days.

AdvisorShares Focused Equity ETF Trading Up 0.3%

CWS opened at $68.07 on Tuesday. The stock’s fifty day simple moving average is $66.98 and its 200 day simple moving average is $68.22. AdvisorShares Focused Equity ETF has a 1-year low of $63.09 and a 1-year high of $72.08. The stock has a market cap of $159.28 million, a PE ratio of 144.83 and a beta of 0.98.

Hedge Funds Weigh In On AdvisorShares Focused Equity ETF

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of AdvisorShares Focused Equity ETF during the 2nd quarter worth about $86,000. Merit Financial Group LLC grew its stake in AdvisorShares Focused Equity ETF by 15.6% in the 3rd quarter. Merit Financial Group LLC now owns 16,716 shares of the company’s stock valued at $1,147,000 after buying an additional 2,257 shares during the last quarter. D.A. Davidson & CO. raised its holdings in AdvisorShares Focused Equity ETF by 2.9% in the 3rd quarter. D.A. Davidson & CO. now owns 8,775 shares of the company’s stock valued at $602,000 after acquiring an additional 250 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in AdvisorShares Focused Equity ETF by 7.7% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,503 shares of the company’s stock valued at $240,000 after acquiring an additional 249 shares during the period. Finally, Millstone Evans Group LLC lifted its position in AdvisorShares Focused Equity ETF by 18.0% during the third quarter. Millstone Evans Group LLC now owns 9,331 shares of the company’s stock worth $640,000 after acquiring an additional 1,424 shares during the last quarter. 7.19% of the stock is owned by institutional investors.

AdvisorShares Focused Equity ETF Company Profile

The AdvisorShares Focused Equity ETF (CWS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models. CWS was launched on Sep 20, 2016 and is managed by AdvisorShares.