AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) Sees Large Drop in Short Interest

AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 392 shares, a drop of 74.6% from the August 31st total of 1,544 shares. Based on an average daily trading volume, of 1,920 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

AdvisorShares Dorsey Wright ADR ETF Trading Up 0.4%

AADR stock traded up $0.30 during trading on Friday, reaching $82.73. 627 shares of the stock were exchanged, compared to its average volume of 2,951. AdvisorShares Dorsey Wright ADR ETF has a twelve month low of $77.69 and a twelve month high of $98.38. The company has a market capitalization of $38.06 million, a P/E ratio of 13.70 and a beta of 0.93. The stock has a 50 day simple moving average of $83.80 and a 200-day simple moving average of $83.90.

AdvisorShares Dorsey Wright ADR ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be given a $0.3573 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.7%. This is a decrease from AdvisorShares Dorsey Wright ADR ETF’s previous quarterly dividend of $0.4358.

Institutional Trading of AdvisorShares Dorsey Wright ADR ETF

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

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.