AdvisorShares Dorsey Wright FSM All Cap World ETF (NASDAQ:DWAW) Sees Significant Decline in Short Interest

AdvisorShares Dorsey Wright FSM All Cap World ETF (NASDAQ:DWAW) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 5,800 shares, a drop of 76.0% from the October 15th total of 24,200 shares. Based on an average daily volume of 1,800 shares, the short-interest ratio is presently 3.2 days.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright FSM All Cap World ETF

An institutional investor recently raised its position in AdvisorShares Dorsey Wright FSM All Cap World ETF stock. Private Advisory Group LLC raised its position in shares of AdvisorShares Dorsey Wright FSM All Cap World ETF (NASDAQ:DWAW) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,606 shares of the company’s stock after purchasing an additional 297 shares during the quarter. Private Advisory Group LLC owned 0.42% of AdvisorShares Dorsey Wright FSM All Cap World ETF worth $336,000 as of its most recent SEC filing.

AdvisorShares Dorsey Wright FSM All Cap World ETF Stock Performance

Shares of DWAW stock traded up $0.04 during mid-day trading on Wednesday, hitting $41.30. The company’s stock had a trading volume of 1,821 shares, compared to its average volume of 2,355. The stock has a market cap of $84.67 million, a price-to-earnings ratio of 15.05 and a beta of 0.91. AdvisorShares Dorsey Wright FSM All Cap World ETF has a 52-week low of $31.83 and a 52-week high of $41.53. The business has a 50-day moving average price of $39.15 and a 200 day moving average price of $38.38.

About AdvisorShares Dorsey Wright FSM All Cap World ETF

The AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) is an exchange-traded fund that is based on the FTSE Global All Cap index. The fund is an actively managed fund of funds that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWAW was launched on Dec 26, 2019 and is managed by AdvisorShares.