Short Interest in AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Declines By 81.2%

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 31 shares, a drop of 81.2% from the June 30th total of 165 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,257 shares, the short-interest ratio is currently 0.0 days.

AdvisorShares Dorsey Wright ADR ETF Stock Down 0.3%

Shares of AADR traded down $0.27 during mid-day trading on Friday, reaching $82.58. The company had a trading volume of 123 shares, compared to its average volume of 3,067. 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 capitalization of $38.81 million, a P/E ratio of 13.70 and a beta of 0.93. The stock has a 50 day moving average of $83.57 and a two-hundred day moving average of $86.71.

AdvisorShares Dorsey Wright ADR ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Tuesday, June 23rd were issued a $0.4358 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.74 dividend on an annualized basis and a yield of 2.1%.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright ADR ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in AADR. Advisortrust Partners LLC acquired a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the 1st quarter valued at $60,000. WealthShield Partners LLC grew its position in AdvisorShares Dorsey Wright ADR ETF by 30.6% during the first quarter. WealthShield Partners LLC now owns 4,459 shares of the company’s stock valued at $364,000 after buying an additional 1,045 shares during the period. Janney Montgomery Scott LLC grew its position in AdvisorShares Dorsey Wright ADR ETF by 33.0% during the first quarter. Janney Montgomery Scott LLC now owns 4,805 shares of the company’s stock valued at $392,000 after buying an additional 1,193 shares during the period. Virtu Financial LLC purchased a new position in AdvisorShares Dorsey Wright ADR ETF in the fourth quarter valued at $861,000. Finally, LPL Financial LLC increased its holdings in AdvisorShares Dorsey Wright ADR ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 16,601 shares of the company’s stock valued at $1,432,000 after buying an additional 2,673 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.