DWSHAdvisorShares Dorsey Wright Short ETF
DWSH Fund Description
The AdvisorShares Dorsey Wright Short ETF is actively managed to achieve long-term capital appreciation by shorting US-listed large-cap companies exhibiting weak relative strength.
DWSH Factset Analytics Insight
DWSH is actively managed, but relies entirely on a technical indicator to build a portfolio of short interests in US-listed large-cap stocks. The fund follows a momentum strategy, picking roughly 75-100 companies with the weakest relative strength. Securities are held short on a modified equal weighting. The fund manager reviews the portfolio on a weekly basis for changes in relative strength scores and potentially changes underlying holdings. In a volatile equity market, the strategy can generate a lot of turnover. While the expense ratio seems high, it is significantly lower than the similar strategy provided by sibling fund HDGE. Investors looking for better liquidity and lower headline fees might consider a “vanilla” inverse equity fund like ProShares’ SH.
DWSH CHARTS AND PERFORMANCE
DWSH Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DWSH. DWSH is rated a N/A out of 5.