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

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,100 shares, a growth of 450.0% from the February 13th total of 200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 0.4 days.

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

A hedge fund recently bought a new stake in AdvisorShares Dorsey Wright FSM US Core ETF stock. Virtus Wealth Solutions LLC bought a new stake in AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,618,204 shares of the company’s stock, valued at approximately $77,819,000. AdvisorShares Dorsey Wright FSM US Core ETF accounts for about 18.3% of Virtus Wealth Solutions LLC’s portfolio, making the stock its biggest position. Virtus Wealth Solutions LLC owned about 68.57% of AdvisorShares Dorsey Wright FSM US Core ETF at the end of the most recent reporting period.

AdvisorShares Dorsey Wright FSM US Core ETF Stock Performance

Shares of NASDAQ:DWUS traded up $0.75 on Wednesday, reaching $46.42. The company’s stock had a trading volume of 2,586 shares, compared to its average volume of 2,198. The company has a 50-day simple moving average of $49.58 and a 200 day simple moving average of $48.41. The company has a market cap of $109.55 million, a P/E ratio of 27.86 and a beta of 0.96. AdvisorShares Dorsey Wright FSM US Core ETF has a 52-week low of $40.88 and a 52-week high of $51.79.

AdvisorShares Dorsey Wright FSM US Core ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 23rd were paid a $0.0869 dividend. The ex-dividend date was Monday, December 23rd.

About AdvisorShares Dorsey Wright FSM US Core ETF

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.