AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Sees Significant Growth in Short Interest

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 4,847 shares, a growth of 102.4% from the February 12th total of 2,395 shares. Based on an average trading volume of 1,671 shares, the short-interest ratio is presently 2.9 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 1,671 shares, the short-interest ratio is presently 2.9 days.

AdvisorShares Dorsey Wright ADR ETF Stock Down 3.1%

AdvisorShares Dorsey Wright ADR ETF stock opened at $84.00 on Friday. The business has a 50 day moving average price of $92.18 and a two-hundred day moving average price of $87.37. AdvisorShares Dorsey Wright ADR ETF has a 12 month low of $61.52 and a 12 month high of $98.38. The stock has a market cap of $46.20 million, a price-to-earnings ratio of 13.70 and a beta of 0.93.

AdvisorShares Dorsey Wright ADR ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 22nd were given a dividend of $0.1055 per share. This is a boost from AdvisorShares Dorsey Wright ADR ETF’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Prospera Financial Services Inc increased its holdings in AdvisorShares Dorsey Wright ADR ETF by 14.5% in the 2nd quarter. Prospera Financial Services Inc now owns 7,740 shares of the company’s stock valued at $611,000 after buying an additional 978 shares during the period. Jane Street Group LLC acquired a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the 1st quarter valued at $509,000. LPL Financial LLC lifted its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock worth $1,432,000 after acquiring an additional 2,673 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 170.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 32,205 shares of the company’s stock worth $2,794,000 after acquiring an additional 20,316 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of AdvisorShares Dorsey Wright ADR ETF by 84.8% during the 3rd quarter. Raymond James Financial Inc. now owns 26,835 shares of the company’s stock valued at $2,328,000 after acquiring an additional 12,315 shares in the last quarter.

About AdvisorShares Dorsey Wright ADR ETF

The AdvisorShares Dorsey Wright ADR ETF (AADR) is an exchange-traded fund that is based on the BNY Mellon Classic ADR index. The fund is an actively managed ETF that aims to outperform the international markets outside the US by holding ADRs with high relative strength. AADR was launched on Jul 20, 2010 and is managed by m.