AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Shares Up 2.1% – Here’s Why

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) shares shot up 2.1% during mid-day trading on Tuesday . The stock traded as high as $6.44 and last traded at $6.42. 58,370 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 52,941 shares. The stock had previously closed at $6.29.

AdvisorShares Dorsey Wright Short ETF Price Performance

The business has a 50 day simple moving average of $6.19 and a 200 day simple moving average of $6.62.

AdvisorShares Dorsey Wright Short ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 22nd were issued a $0.4064 dividend. This represents a dividend yield of 634.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright Short ETF

Hedge funds have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new stake in AdvisorShares Dorsey Wright Short ETF in the 4th quarter valued at about $94,000. Private Advisor Group LLC lifted its position in shares of AdvisorShares Dorsey Wright Short ETF by 22.0% during the third quarter. Private Advisor Group LLC now owns 15,500 shares of the company’s stock worth $106,000 after purchasing an additional 2,800 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Dorsey Wright Short ETF during the second quarter valued at approximately $175,000. Cibc World Market Inc. bought a new stake in shares of AdvisorShares Dorsey Wright Short ETF during the third quarter valued at approximately $189,000. Finally, Osaic Holdings Inc. increased its holdings in shares of AdvisorShares Dorsey Wright Short ETF by 7,050.9% in the second quarter. Osaic Holdings Inc. now owns 253,500 shares of the company’s stock valued at $1,883,000 after purchasing 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.