AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH – Get Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 21,800 shares, a growth of 190.7% from the May 15th total of 7,500 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 64,200 shares, the short-interest ratio is currently 0.3 days.
AdvisorShares Dorsey Wright Short ETF Trading Up 1.8%
NASDAQ DWSH opened at $7.48 on Friday. AdvisorShares Dorsey Wright Short ETF has a 52 week low of $6.66 and a 52 week high of $9.08. The firm has a 50 day moving average of $7.99 and a two-hundred day moving average of $7.47.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in DWSH. OLD Mission Capital LLC acquired a new position in shares of AdvisorShares Dorsey Wright Short ETF in the 1st quarter valued at $197,000. Hanover Advisors Inc. acquired a new position in shares of AdvisorShares Dorsey Wright Short ETF in the 1st quarter valued at $98,000. Finally, Raymond James Financial Inc. acquired a new position in shares of AdvisorShares Dorsey Wright Short ETF in the 4th quarter valued at $762,000.
About AdvisorShares Dorsey Wright Short ETF
The AdvisorShares Dorsey Wright Short ETF (DWSH) is an exchange-traded fund that is based on the Russell 3000 index. The fund is actively managed to achieve long-term capital appreciation by shorting US-listed large-cap companies exhibiting weak relative strength. DWSH was launched on Jul 10, 2018 and is managed by AdvisorShares.
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