DWSH - AdvisorShares Dorsey Wright Short ETF

Insure Your Portfolio

Delivering protection to an investment portfolio during unexpected market downturns.

Symbol Exchange Inception Date CUSIP NAV Options Available
DWSH Nasdaq 7/10/2018 00768Y529 DWSH.NV Yes
About The ETF

While people often insure their most valuable possessions – cars, homes, jewelry, health, life – from loss or damage, they often overlook sheltering their investment portfolio from the harm of volatile markets. Using a short hedging strategy with a long equity portfolio may help to shield your financial investments from unexpected market downturns.

The AdvisorShares Dorsey Wright Short ETF (DWSH) uses an actively managed, relative strength investment strategy to sell short those securities demonstrating the lowest relative strength (aka highest relative weakness) within an investment universe comprised primarily of large-capitalization U.S.-traded equities. DWSH may be used to hedge long equity exposure and seek positive returns in declining equity markets. It is not an inverse fund.

What Is Relative Strength?

Relative strength is a way of recording historic performance patterns to identify momentum signals for current and future performance trends of a security versus an investment universe or benchmark. It is the comparison of price performance within a universe of securities to identify those that have appreciated more. Numerous studies by both academics and investment professionals have demonstrated that securities showing the greatest gains relative to their market often continue to outperform. Analyzing securities by their relative strength provides a way to identify the current market leaders – the securities leading the market and the ones you want to own. It also identifies those with the weakest relative strength – the laggards underperforming that you want to avoid or sell short. Nasdaq Dorsey Wright is recognized as a leader in relative strength analysis.

Why Invest in DWSH?
  • Hedging Tool – DWSH can be implemented as part of a long/short strategy, providing investors with a “buy and hold” alternative to hedge their long domestically-traded equity exposure against market downturns.
  • Alpha-Seeking Exposure – DWSH’s systematic and selective approach offers the potential to add alpha to an investment portfolio, especially during market corrections. Also, during severe market downturns and at certain technical levels, the strategy can seek to enhance its total return by allocating short exposure more broadly to the domestic equity market and shorting individual ETFs or futures contracts.
  • Different from Inverse Funds – Spreading your investment risk among equities not correlated to the broader market may help diversify and mitigate your overall portfolio risk. DWSH differs considerably from inverse fund investment strategies which are often subject to daily resets and indiscriminately sell short the top companies within a market-cap weighted index.
  • Strategy Diversification – DWSH’s systematic investment process seeks to limit unnecessary risk while maximizing relative weakness exposure. If a security becomes too large as a percentage of the portfolio, it is trimmed to bring it back in line with the other securities weights. The process also implements pre-determined stop prices for each position.
Where Can DWSH Fit in a Traditional Portfolio?

DWSH may be used to hedge long equity exposure and seek positive returns in declining equity markets.

Key Attributes
  • Dedicated Short Portfolio of Weakest Companies – DWSH typically has a modified equal weight portfolio of 75 – 100 U.S.-traded large cap equities that demonstrate the highest relative weakness according to Nasdaq Dorsey Wright’s proprietary relative strength model.
  • Systematic Approach –DWSH’s investment process is entirely systematic and designed to remove human emotion from the decision process. It allows for the ongoing analysis of a large universe of securities through diverse and changing markets.
  • Relative Strength/Weakness Analysis – DWSH uses relative strength investing, a repeatable process which compares price performance within a universe of stocks. Analyzing securities by their relative strength not only identifies the current market leaders, but also those with the weakest relative strength – the laggards underperforming the market that DWSH wants to sell short.
  • Disciplined Sell Process – Securities are automatically sold from the portfolio when they reach a predetermined sell price. This sell price is identified when the security is purchased and not adjusted for different market scenarios. The sell process is an entirely technical, systematic approach and takes the emotion out of the sell decision.
About the Portfolio Strategist

John G. Lewis, CMT | Nasdaq Dorsey Wright, Senior Portfolio Manager

Since joining Nasdaq Dorsey Wright in 2002, Mr. Lewis has developed relative strength and momentum strategies for the firm’s separately managed accounts, global asset allocation strategies, ETFs, and UITs. As one of the foremost experts on relative strength investing, Mr. Lewis has authored several original research papers on the subject. He is a Chartered Market Technician (CMT) and a member of the Market Technician’s Association and the American Association of Professional Technical Analysts. Mr. Lewis earned an M.B.A. in Finance from the University of Southern California and a B.A. from the University of San Diego. He began his career in the investment industry in 1994.

DWSH Overview 

Get a quick and easy introduction to the DWSH ETF.

DWSH Overview

  Get a quick and easy introduction to the DWSH ETF.

Fund

Price History

Fund Data

4/25/2025
NAV $8.19
Change $0.04
Shares Outstanding 1,695,000
Assets Under Management $13,877,108.31

 

 

 

 

Market Data

4/25/2025
Closing Price $8.21
Close Change $0.05
Volume 95,795

Regulatory Data

4/25/2025
Premium Discount $0.00
30-Day Median bid-ask Spread 0.004717
Premium/Discount Historical Data | NAV Historical Data | Daily Premium/Discount Historical Data

Shares are bought and sold at market price (closing price) not NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times.

FUND

Characteristics

As of 3/31/2025

Source: Morningstar & AdvisorShares

FUND

Performance

As of 3/31/2025

  NAV Market Price Return S&P 500 Index
1 Month 3.16 3.02 -5.63
3 Months 7.04 6.84 -4.27
YTD 7.04 6.84 -4.27
1 Year 13.95 13.73 8.25
3 Years 1.55 1.61 9.06
5 Years -24.15 -24.38 18.59
Since Inception (7/10/2018, Annualized) -14.37 -14.38 12.79

As of 3/31/2025

  NAV Market Price Return S&P 500 Index
1 Month 3.16 3.02 -5.63
3 Months 7.04 6.84 -4.27
YTD 7.04 6.84 -4.27
1 Year 13.95 13.73 8.25
3 Years 1.55 1.61 9.06
5 Years -24.15 -24.38 18.59
Since Inception (7/10/2018, Annualized) -14.37 -14.38 12.79

Performance data quoted represents past performance and is no guarantee of future results. All Fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the Fund administrator, the Advisor’s or Sub-Advisor’s proprietary data, and Morningstar. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.

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Fund

Holdings

As of

Excel    CSV

Date Account Symbol Stock Ticker Security ID Security Description Shares Share Price Market Value Portfolio Weight Asset Group
04/25/2025 DWSH VSAT 92552V100 VIASAT INC -25,545 9.05 -231,182.25 -1.67% S
DG 256677105 DOLLAR GENERAL CORP -2,419 93.56 -226,321.64 -1.63% S
HUM 444859102 HUMANA INC -786 264.40 -207,818.40 -1.50% S
DLTR 256746108 DOLLAR TREE INC -2,551 80.57 -205,534.07 -1.48% S
HII 446413106 HUNTINGTON INGALLS INDUSTRIE -886 226.05 -200,280.30 -1.44% S
CABO 12685J105 CABLE ONE INC -701 269.88 -189,185.88 -1.36% S
PVH 693656100 PVH CORP -2,555 72.94 -186,361.70 -1.34% S
STZ 21036P108 CONSTELLATION BRANDS INC-A -990 185.35 -183,496.50 -1.32% S
BG H11356104 BUNGE GLOBAL SA -2,250 80.91 -182,047.50 -1.31% FS
FSLR 336433107 FIRST SOLAR INC -1,281 141.86 -181,722.66 -1.31% S
CNC 15135B101 CENTENE CORP -3,080 57.69 -177,685.20 -1.28% S
EXAS 30063P105 EXACT SCIENCES CORP -3,820 45.46 -173,657.20 -1.25% S
MCHP 595017104 MICROCHIP TECHNOLOGY INC -3,701 46.89 -173,539.89 -1.25% S
NUS 67018T105 NU SKIN ENTERPRISES INC - A -29,996 5.77 -173,076.92 -1.25% S
INTC 458140100 INTEL CORP -8,617 20.05 -172,770.85 -1.24% S
VC 92839U206 VISTEON CORP -2,154 78.99 -170,144.46 -1.23% S
EIX 281020107 EDISON INTERNATIONAL -2,920 57.96 -169,243.20 -1.22% S
SRPT 803607100 SAREPTA THERAPEUTICS INC -2,800 60.44 -169,232.00 -1.22% S
QRVO 74736K101 QORVO INC -2,630 63.78 -167,741.40 -1.21% S
EL 518439104 ESTEE LAUDER COMPANIES-CL A -2,793 59.39 -165,876.27 -1.20% S
BTU 704551100 PEABODY ENERGY CORP -13,167 12.58 -165,640.86 -1.19% S
CDW 12514G108 CDW CORP/DE -1,040 157.95 -164,268.00 -1.18% S
JELD 47580P103 JELD-WEN HOLDING INC -30,750 5.34 -164,205.00 -1.18% S
CMPR G2143T103 CIMPRESS PLC -3,850 42.45 -163,432.50 -1.18% FS
LW 513272104 LAMB WESTON HOLDINGS INC -3,142 51.94 -163,195.48 -1.18% S
TDC 88076W103 TERADATA CORP -7,497 21.61 -162,010.17 -1.17% S
BF/B 115637209 BROWN-FORMAN CORP-CLASS B -4,759 33.96 -161,615.64 -1.16% S
CRL 159864107 CHARLES RIVER LABORATORIES -1,391 114.66 -159,492.06 -1.15% S
LEN 526057104 LENNAR CORP-A -1,480 107.63 -159,292.40 -1.15% S
ODFL 679580100 OLD DOMINION FREIGHT LINE -1,084 146.74 -159,066.16 -1.15% S
IART 457985208 INTEGRA LIFESCIENCES HOLDING -9,458 16.81 -158,988.98 -1.15% S
HOG 412822108 HARLEY-DAVIDSON INC -6,722 23.50 -157,967.00 -1.14% S
SNAP 83304A106 SNAP INC - A -18,440 8.54 -157,477.60 -1.13% S
KSS 500255104 KOHLS CORP -22,136 7.06 -156,280.16 -1.13% S
AGIO 00847X104 AGIOS PHARMACEUTICALS INC -5,295 29.45 -155,937.75 -1.12% S
GNTX 371901109 GENTEX CORP -7,300 21.36 -155,928.00 -1.12% S
ADM 039483102 ARCHER-DANIELS-MIDLAND CO -3,225 48.25 -155,606.25 -1.12% S
NUE 670346105 NUCOR CORP -1,342 115.72 -155,296.24 -1.12% S
MPWR 609839105 MONOLITHIC POWER SYSTEMS INC -266 583.72 -155,269.52 -1.12% S
TEX 880779103 TEREX CORP -4,275 35.95 -153,686.25 -1.11% S
HP 423452101 HELMERICH & PAYNE -7,600 19.97 -151,772.00 -1.09% S
ILMN 452327109 ILLUMINA INC -1,960 77.35 -151,606.00 -1.09% S
VYX 62886E108 NCR VOYIX CORP -17,660 8.57 -151,346.20 -1.09% S
WST 955306105 WEST PHARMACEUTICAL SERVICES -705 214.55 -151,257.75 -1.09% S
PII 731068102 POLARIS INC -4,393 34.36 -150,943.48 -1.09% S
OLED 91347P105 UNIVERSAL DISPLAY CORP -1,194 126.41 -150,933.54 -1.09% S
TGT 87612E106 TARGET CORP -1,560 96.58 -150,664.80 -1.09% S
REGN 75886F107 REGENERON PHARMACEUTICALS -248 602.64 -149,454.72 -1.08% S
SIRI 829933100 SIRIUS XM HOLDINGS INC -6,863 21.67 -148,721.21 -1.07% S
ALGN 016255101 ALIGN TECHNOLOGY INC -805 183.35 -147,596.75 -1.06% S
ST G8060N102 SENSATA TECHNOLOGIES HOLDING -6,927 21.29 -147,475.83 -1.06% FS
AMD 007903107 ADVANCED MICRO DEVICES -1,522 96.65 -147,093.69 -1.06% S
DVN 25179M103 DEVON ENERGY CORP -4,675 31.35 -146,561.25 -1.06% S
NKE 654106103 NIKE INC -CL B -2,523 57.62 -145,375.26 -1.05% S
OLN 680665205 OLIN CORP -6,597 22.00 -145,134.00 -1.05% S
WLK 960413102 WESTLAKE CORP -1,554 93.39 -145,128.06 -1.05% S
WFRD G48833118 WEATHERFORD INTERNATIONAL PL -3,388 42.74 -144,803.12 -1.04% FS
BC 117043109 BRUNSWICK CORP -3,085 46.86 -144,563.10 -1.04% S
RIG H8817H100 TRANSOCEAN LTD -61,733 2.33 -143,837.89 -1.04% FS
ENOV 194014502 ENOVIS CORP -4,095 35.10 -143,734.50 -1.04% S
PTEN 703481101 PATTERSON-UTI ENERGY INC -23,570 6.09 -143,541.30 -1.03% S
IONS 462222100 IONIS PHARMACEUTICALS INC -4,794 29.70 -142,381.80 -1.03% S
LEG 524660107 LEGGETT & PLATT INC -19,328 7.29 -140,901.12 -1.02% S
LYB N53745100 LYONDELLBASELL INDU-CL A -2,355 59.44 -139,981.20 -1.01% FS
TFX 879369106 TELEFLEX INC -1,032 135.21 -139,536.72 -1.01% S
OXY 674599105 OCCIDENTAL PETROLEUM CORP -3,436 40.36 -138,676.96 -1.00% S
AES 00130H105 AES CORP -13,788 10.05 -138,569.40 -1.00% S
SVC 81761L102 SERVICE PROPERTIES TRUST -75,635 1.83 -138,412.05 -1.00% S
ADNT G0084W101 ADIENT PLC -10,969 12.57 -137,880.33 -0.99% FS
LEA 521865204 LEAR CORP -1,619 84.50 -136,805.50 -0.99% S
ON 682189105 ON SEMICONDUCTOR -3,440 39.63 -136,327.20 -0.98% S
BIIB 09062X103 BIOGEN INC -1,141 118.84 -135,596.44 -0.98% S
ARE 015271109 ALEXANDRIA REAL ESTATE EQUIT -1,785 75.88 -135,445.80 -0.98% S
APA 03743Q108 APA CORP -8,277 16.35 -135,328.95 -0.98% S
NOV 62955J103 NOV INC -10,944 12.33 -134,939.52 -0.97% S
XRAY 24906P109 DENTSPLY SIRONA INC -9,766 13.75 -134,282.50 -0.97% S
MAN 56418H100 MANPOWERGROUP INC -3,136 42.43 -133,060.48 -0.96% S
ASH 044186104 ASHLAND INC -2,482 53.12 -131,843.84 -0.95% S
AAP 00751Y106 ADVANCE AUTO PARTS INC -3,983 32.88 -130,961.04 -0.94% S
COTY 222070203 COTY INC-CL A -25,790 4.97 -128,176.30 -0.92% S
DINO 403949100 HF SINCLAIR CORP -4,199 30.51 -128,111.49 -0.92% S
HAL 406216101 HALLIBURTON CO -6,141 20.85 -128,039.85 -0.92% S
ASGN 00191U102 ASGN INC -2,450 51.37 -125,856.50 -0.91% S
CRI 146229109 CARTER'S INC -3,710 33.87 -125,657.70 -0.91% S
CC 163851108 CHEMOURS CO/THE -10,125 12.37 -125,246.25 -0.90% S
HAIN 405217100 HAIN CELESTIAL GROUP INC -42,420 2.94 -124,714.80 -0.90% S
W 94419L101 WAYFAIR INC- CLASS A -4,248 29.25 -124,254.00 -0.90% S
SWKS 83088M102 SKYWORKS SOLUTIONS INC -2,002 61.52 -123,163.04 -0.89% S
HPP 444097109 HUDSON PACIFIC PROPERTIES IN -54,819 2.22 -121,698.18 -0.88% S
CGNX 192422103 COGNEX CORP -4,565 26.16 -119,420.40 -0.86% S
CE 150870103 CELANESE CORP -2,710 43.53 -117,966.30 -0.85% S
FL 344849104 FOOT LOCKER INC -9,964 11.73 -116,877.72 -0.84% S
FMC 302491303 FMC CORP -2,823 41.18 -116,251.14 -0.84% S
XRX 98421M106 XEROX HOLDINGS CORP -27,166 4.27 -115,998.82 -0.84% S
UPS 911312106 UNITED PARCEL SERVICE-CL B -1,166 97.91 -114,163.06 -0.82% S
IPGP 44980X109 IPG PHOTONICS CORP -1,963 58.15 -114,148.45 -0.82% S
ALB 012653101 ALBEMARLE CORP -1,941 57.73 -112,053.93 -0.81% S
BRKR 116794108 BRUKER CORP -2,810 39.07 -109,786.70 -0.79% S
HUN 447011107 HUNTSMAN CORP -8,224 13.33 -109,625.92 -0.79% S
MUR 626717102 MURPHY OIL CORP -5,084 21.07 -107,119.88 -0.77% S
CASH 966,127.16 100.00 966,127.16 6.96% CA
X9USDISLQ INVESCO GOVT AGENCY INSTL 1901 27,876,023.97 1.00 27,876,023.97 200.84% MM
Holdings and allocations are subject to risks and to change.

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FUND

Fees & Expenses

Management Fee 0.75%
Total Annual Operating Expenses 4.17%
Total Annual Operating Expenses After Recapture* 4.05%

*Total Annual Operating Expenses and Total Annual Operating Expenses After Recapture in this fee table may not correlate to the expense ratios in the Fund’s financial highlights. The Advisor has contractually agreed to reduce its fees and/or reimburse expenses to keep net expenses from exceeding 1.25% of the Fund’s average daily net assets for at least one year from the date of the Prospectus. The prospectus shows that the Advisor recaptured 0.05% during the most recent fiscal year, which is an expense of the Fund. For more information, please read the full prospectus.

Last Ten

Fund Distributions

        • Definitions:

          Alpha: One of the most commonly quoted indicators of investment performance, alpha, is defined as the excess return on an investment relative to the return on a benchmark index. 

          Short: A short, or a short position, is created when a trader sells a security first with the intention of repurchasing it or covering it later at a lower price.

          Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or summary prospectus, a copy of which may be obtained by visiting the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.

          The Fund is subject to a number of risks that may affect the value of its shares, including the possible loss of principal. Short sales are transactions in which the Fund sells a security it does not own. To complete the transaction, the Fund must borrow the security to make delivery to the buyer. The Fund is then obligated to replace the security borrowed by purchasing the security at the market price at the time of replacement. If the underlying security goes down in price between the time the Fund sells the security and buys it back, the Fund will realize a gain on the transaction. Conversely, if the underlying security goes up in price during the period, the Fund will realize a loss on the transaction. Any such loss is increased by the amount of premium or interest the Fund must pay to the lender of the security. Likewise, any gain will be decreased by the amount of premium or interest the Fund must pay to the lender of the security. Because a short position loses value as the security’s price increases, the loss on a short sale is theoretically unlimited. Short sales involve leverage because the Fund borrows securities and then sells them, effectively leveraging its assets. The use of leverage may magnify gains or losses for the Fund. As with any fund, there is no guarantee that the Fund will achieve its investment objective.