AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) Sees Large Decrease in Short Interest

AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 1,600 shares, a decline of 81.8% from the May 31st total of 8,800 shares. Based on an average trading volume of 27,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of AdvisorShares Dorsey Wright Short ETF

A hedge fund recently raised its stake in AdvisorShares Dorsey Wright Short ETF stock. Kestra Private Wealth Services LLC boosted its position in shares of AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,645 shares of the company’s stock after purchasing an additional 5,578 shares during the period. Kestra Private Wealth Services LLC owned 8.69% of AdvisorShares Dorsey Wright Short ETF worth $1,328,000 at the end of the most recent reporting period.

AdvisorShares Dorsey Wright Short ETF Stock Performance

Shares of NASDAQ DWSH traded up $0.01 during mid-day trading on Thursday, reaching $7.53. The company had a trading volume of 800 shares, compared to its average volume of 32,911. AdvisorShares Dorsey Wright Short ETF has a 1-year low of $6.92 and a 1-year high of $10.12. The company has a 50-day moving average price of $7.38 and a two-hundred day moving average price of $7.36.

About AdvisorShares Dorsey Wright Short ETF

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.