AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Sees Significant Drop in Short Interest

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 7,000 shares, a drop of 7.9% from the November 15th total of 7,600 shares. Based on an average trading volume of 1,100 shares, the short-interest ratio is currently 6.4 days.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright FSM US Core ETF

A hedge fund recently bought a new stake in AdvisorShares Dorsey Wright FSM US Core ETF stock. Private Advisory Group LLC acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,767 shares of the company’s stock, valued at approximately $225,000. Private Advisory Group LLC owned approximately 0.20% of AdvisorShares Dorsey Wright FSM US Core ETF as of its most recent SEC filing.

AdvisorShares Dorsey Wright FSM US Core ETF Price Performance

NASDAQ:DWUS opened at $49.53 on Wednesday. The firm has a market capitalization of $119.86 million, a P/E ratio of 24.31 and a beta of 0.96. AdvisorShares Dorsey Wright FSM US Core ETF has a one year low of $39.04 and a one year high of $50.25. The company’s 50-day simple moving average is $48.67 and its 200 day simple moving average is $46.99.

AdvisorShares Dorsey Wright FSM US Core ETF Company Profile

The AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) is an exchange-traded fund that is based on the S&P 500 Managed Risk 2.0 index. The fund is an actively managed fund of funds of US large-caps that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWUS was launched on Dec 26, 2019 and is managed by AdvisorShares.