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

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 165 shares, a growth of 98.8% from the June 15th total of 83 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,372 shares, the short-interest ratio is presently 0.1 days.

AdvisorShares Dorsey Wright ADR ETF Stock Down 0.4%

NASDAQ:AADR opened at $83.03 on Thursday. The company’s 50 day moving average price is $84.06 and its 200-day moving average price is $86.91. AdvisorShares Dorsey Wright ADR ETF has a 52 week low of $76.84 and a 52 week high of $98.38. The stock has a market cap of $41.52 million, a price-to-earnings ratio of 13.70 and a beta of 0.93.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Tuesday, June 23rd were given a $0.4358 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.74 annualized dividend and a yield of 2.1%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Advisortrust Partners LLC bought a new position in shares of AdvisorShares Dorsey Wright ADR ETF during the first quarter valued at $60,000. WealthShield Partners LLC raised its position in AdvisorShares Dorsey Wright ADR ETF by 30.6% in the 1st quarter. WealthShield Partners LLC now owns 4,459 shares of the company’s stock worth $364,000 after buying an additional 1,045 shares during the last quarter. Janney Montgomery Scott LLC raised its position in AdvisorShares Dorsey Wright ADR ETF by 33.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,805 shares of the company’s stock worth $392,000 after buying an additional 1,193 shares during the last quarter. Virtu Financial LLC bought a new position in AdvisorShares Dorsey Wright ADR ETF during the 4th quarter valued at about $861,000. Finally, LPL Financial LLC lifted its stake in 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 valued at $1,432,000 after acquiring an additional 2,673 shares during the period.

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.