AdvisorShares Dorsey Wright ADR ETF (NASDAQ: AADR - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 276 shares, an increase of 527.3% from the March 31st total of 44 shares. Approximately 0.1% of the shares of the
For investors seeking momentum, AdvisorShares Dorsey Wright ADR ETF AADR is probably on the radar. The fund just hit a 52-week high and has gained 34.6% from its 52-week low of $53.59 per share.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CCP Christopher C. Powers Farther Finance Advisors, LLC | 2,216 | $186,117.48 | $188,382.16 | $2,275.76 | 1.22% |
| MF Mark Finney McCarthy & Cox | 2,334 | $202,475 | $198,413.34 | -$4,049.99 | -2% |
| NASDAQ (NMS) Exchange | US Country |
The fund is designed to provide investors with exposure to non-U.S. markets through U.S.-traded securities, primarily focusing on American Depositary Receipts (ADRs). By investing in ADRs and securities with similar economic characteristics, the fund aims to offer a diversified portfolio of international organizations' stocks, making it easier for U.S. investors to tap into foreign markets without the complexities of direct investments in overseas exchanges. This approach allows the fund to achieve its investment objective by leveraging the liquidity and regulatory framework of U.S. financial markets while providing access to the growth potential of international companies.
ADRs are the primary investment vehicle of the fund, enabling U.S. investors to invest in non-U.S. companies with greater ease. ADRs represent shares in the equity of non-U.S. companies and are traded on U.S. stock exchanges, providing a pathway for investors seeking international exposure without encountering cross-border legal and tax complications. The fund strategically selects ADRs based on various criteria to optimize the portfolio's performance and achieve its investment objective.
In addition to ADRs, the fund invests at least 80% of its assets in securities that exhibit economic characteristics closely resembling those of ADRs. These can include Global Depositary Receipts (GDRs) among other securities, which like ADRs, represent a specified number of shares in a foreign company and are traded on international exchanges. This broadened investment scope enhances the fund's ability to diversify its holdings and access a wider range of international markets and sectors, potentially leading to increased returns and reduced risk exposure.