AdvisorShares Focused Equity ETF (NYSEARCA:CWS) Stock Short Interest Report for October

AdvisorShares Focused Equity ETF (NYSEARCA:CWS) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 11,597 shares, an increase of 1,488.6% from the October 15th total of 730 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 4,653 shares, the days-to-cover ratio is currently 2.5 days.

AdvisorShares Focused Equity ETF Stock Performance

Shares of NYSEARCA CWS traded down $0.20 during trading hours on Thursday, hitting $69.19. The stock had a trading volume of 1,576 shares, compared to its average volume of 9,201. The firm’s 50-day moving average price is $68.14 and its two-hundred day moving average price is $68.38. AdvisorShares Focused Equity ETF has a 52 week low of $63.09 and a 52 week high of $74.05. The company has a market capitalization of $114.85 million, a P/E ratio of 147.21 and a beta of 0.92.

Hedge Funds Weigh In On AdvisorShares Focused Equity ETF

Several hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. acquired a new stake in shares of AdvisorShares Focused Equity ETF in the third quarter worth about $796,000. IRON Financial LLC acquired a new position in shares of AdvisorShares Focused Equity ETF during the 3rd quarter valued at about $266,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of AdvisorShares Focused Equity ETF by 33.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,258 shares of the company’s stock valued at $290,000 after acquiring an additional 1,078 shares in the last quarter. Royal Bank of Canada acquired a new stake in AdvisorShares Focused Equity ETF in the 1st quarter worth approximately $52,000. Finally, Cetera Investment Advisers lifted its holdings in AdvisorShares Focused Equity ETF by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 68,388 shares of the company’s stock worth $4,429,000 after purchasing an additional 2,260 shares during the last quarter. 7.19% of the stock is owned by institutional investors and hedge funds.

About AdvisorShares Focused Equity ETF

The AdvisorShares Focused Equity ETF (CWS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models. CWS was launched on Sep 20, 2016 and is managed by AdvisorShares.