AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Sees Significant Increase in Short Interest

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 8,100 shares, an increase of 65.3% from the September 30th total of 4,900 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 4.5 days.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright FSM US Core ETF

An institutional investor recently bought a new position in AdvisorShares Dorsey Wright FSM US Core ETF stock. Private Advisory Group LLC bought a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,767 shares of the company’s stock, valued at approximately $225,000. Private Advisory Group LLC owned 0.20% of AdvisorShares Dorsey Wright FSM US Core ETF at the end of the most recent quarter.

AdvisorShares Dorsey Wright FSM US Core ETF Stock Up 0.6 %

Shares of NASDAQ:DWUS opened at $47.79 on Friday. The company has a market cap of $115.65 million, a PE ratio of 24.31 and a beta of 0.96. The company’s 50-day moving average price is $46.50 and its 200 day moving average price is $45.56. AdvisorShares Dorsey Wright FSM US Core ETF has a fifty-two week low of $34.14 and a fifty-two week high of $48.88.

AdvisorShares Dorsey Wright FSM US Core ETF Company Profile

The AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) is an exchange-traded fund that is based on the S&P 500 Managed Risk 2.0 index. The fund is an actively managed fund of funds of US large-caps that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWUS was launched on Dec 26, 2019 and is managed by AdvisorShares.