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 

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DWSH Overview

  Get a quick and easy introduction to the DWSH ETF.

Fund

Price History

Fund Data

2/5/2025
NAV $6.99
Change $0.00
Shares Outstanding 1,815,000
Assets Under Management $12,685,096.94

 

 

 

 

Market Data

2/5/2025
Closing Price $6.99
Close Change $-0.01
Volume 22,765

Regulatory Data

2/5/2025
Premium Discount $-0.01
30-Day Median bid-ask Spread 0.002967
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 1/31/2025

Source: Morningstar & AdvisorShares

FUND

Performance

As of 1/31/2025

  NAV Market Price Return S&P 500 Index
1 Month -1.55 -1.71 2.78
3 Months -2.07 -1.69 6.22
YTD -1.55 -1.71 2.78
1 Year -0.29 -0.22 26.38
3 Years -1.77 -1.80 11.91
5 Years -20.00 -20.01 15.17
Since Inception (7/10/2018, Annualized) -15.77 -15.79 14.36

As of 12/31/2024

  NAV Market Price Return S&P 500 Index
1 Month 5.99 6.30 -2.38
3 Months 4.28 4.22 2.41
YTD 5.88 5.84 25.02
1 Year 5.88 5.84 25.02
3 Years -1.29 -1.12 8.94
5 Years -18.45 -18.48 14.53
Since Inception (7/10/2018, Annualized) -15.76 -15.75 14.07

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
02/05/2025 DWSH VSAT 92552V100 VIASAT INC -20,937 9.23 -193,248.51 -1.52% S
IART 457985208 INTEGRA LIFESCIENCES HOLDING -6,528 26.55 -173,318.40 -1.37% S
FLG 649445400 FLAGSTAR FINANCIAL INC -13,333 12.29 -163,862.57 -1.29% S
QRVO 74736K101 QORVO INC -1,980 82.59 -163,528.20 -1.29% S
CVS 126650100 CVS HEALTH CORP -2,899 55.69 -161,445.31 -1.27% S
HUM 444859102 HUMANA INC -541 290.53 -157,176.73 -1.24% S
CDW 12514G108 CDW CORP/DE -740 206.13 -152,536.20 -1.20% S
DXCM 252131107 DEXCOM INC -1,706 88.78 -151,458.68 -1.19% S
AGCO 001084102 AGCO CORP -1,466 103.31 -151,452.46 -1.19% S
SVC 81761L102 SERVICE PROPERTIES TRUST -53,919 2.79 -150,434.01 -1.19% S
W 94419L101 WAYFAIR INC- CLASS A -3,091 48.31 -149,326.21 -1.18% S
PTEN 703481101 PATTERSON-UTI ENERGY INC -17,422 8.38 -145,996.36 -1.15% S
ODFL 679580100 OLD DOMINION FREIGHT LINE -752 193.65 -145,624.80 -1.15% S
EW 28176E108 EDWARDS LIFESCIENCES CORP -2,018 72.10 -145,497.80 -1.15% S
IDXX 45168D104 IDEXX LABORATORIES INC -310 468.55 -145,250.50 -1.14% S
CC 163851108 CHEMOURS CO/THE -7,645 18.64 -142,502.80 -1.12% S
ELV 036752103 ELEVANCE HEALTH INC -352 402.16 -141,560.32 -1.12% S
NUS 67018T105 NU SKIN ENTERPRISES INC - A -21,910 6.44 -141,100.40 -1.11% S
BA 097023105 BOEING CO/THE -775 181.84 -140,926.00 -1.11% S
LEG 524660107 LEGGETT & PLATT INC -13,492 10.44 -140,856.48 -1.11% S
CE 150870103 CELANESE CORP -2,000 69.94 -139,880.00 -1.10% S
DLTR 256746108 DOLLAR TREE INC -1,884 74.23 -139,849.32 -1.10% S
EL 518439104 ESTEE LAUDER COMPANIES-CL A -2,108 65.94 -139,001.52 -1.10% S
ENOV 194014502 ENOVIS CORP -2,912 47.11 -137,184.32 -1.08% S
AAP 00751Y106 ADVANCE AUTO PARTS INC -2,788 49.00 -136,612.00 -1.08% S
LW 513272104 LAMB WESTON HOLDINGS INC -2,310 59.05 -136,405.50 -1.08% S
APA 03743Q108 APA CORP -6,111 22.19 -135,603.09 -1.07% S
NKE 654106103 NIKE INC -CL B -1,813 74.57 -135,195.41 -1.07% S
LYB N53745100 LYONDELLBASELL INDU-CL A -1,755 76.99 -135,117.45 -1.06% FS
NOV 62955J103 NOV INC -8,220 16.43 -135,054.60 -1.06% S
SWKS 83088M102 SKYWORKS SOLUTIONS INC -1,550 87.08 -134,974.00 -1.06% S
BMRN 09061G101 BIOMARIN PHARMACEUTICAL INC -2,100 64.19 -134,788.50 -1.06% S
HAIN 405217100 HAIN CELESTIAL GROUP INC -28,350 4.75 -134,662.50 -1.06% S
HII 446413106 HUNTINGTON INGALLS INDUSTRIE -688 195.58 -134,559.04 -1.06% S
BAX 071813109 BAXTER INTERNATIONAL INC -4,264 31.47 -134,188.08 -1.06% S
ADNT G0084W101 ADIENT PLC -7,819 17.14 -134,017.66 -1.06% FS
ENTG 29362U104 ENTEGRIS INC -1,278 103.90 -132,784.20 -1.05% S
GT 382550101 GOODYEAR TIRE & RUBBER CO -15,304 8.65 -132,379.60 -1.04% S
TRIP 896945201 TRIPADVISOR INC -7,574 17.47 -132,317.78 -1.04% S
XRAY 24906P109 DENTSPLY SIRONA INC -6,851 19.29 -132,155.79 -1.04% S
MAN 56418H100 MANPOWERGROUP INC -2,270 58.19 -132,091.30 -1.04% S
OLED 91347P105 UNIVERSAL DISPLAY CORP -900 145.70 -131,130.00 -1.03% S
GPC 372460105 GENUINE PARTS CO -1,106 118.34 -130,884.04 -1.03% S
MPWR 609839105 MONOLITHIC POWER SYSTEMS INC -200 653.87 -130,774.00 -1.03% S
UHAL 023586100 U-HAUL HOLDING CO -1,825 71.57 -130,615.25 -1.03% S
CGNX 192422103 COGNEX CORP -3,350 38.92 -130,382.00 -1.03% S
RES 749660106 RPC INC -20,765 6.22 -129,158.30 -1.02% S
DG 256677105 DOLLAR GENERAL CORP -1,772 72.82 -129,037.04 -1.02% S
CNC 15135B101 CENTENE CORP -2,120 60.73 -128,747.60 -1.01% S
REGN 75886F107 REGENERON PHARMACEUTICALS -179 716.72 -128,292.88 -1.01% S
VC 92839U206 VISTEON CORP -1,554 82.51 -128,220.54 -1.01% S
SIRI 829933100 SIRIUS XM HOLDINGS INC -4,963 25.79 -127,995.77 -1.01% S
HPP 444097109 HUDSON PACIFIC PROPERTIES IN -40,614 3.15 -127,934.10 -1.01% S
F 345370860 FORD MOTOR CO -12,780 10.01 -127,927.80 -1.01% S
OI 67098H104 O-I GLASS INC -10,563 12.06 -127,389.78 -1.00% S
CRI 146229109 CARTER'S INC -2,510 50.70 -127,257.00 -1.00% S
SLB 806857108 SCHLUMBERGER LTD -3,080 40.81 -125,694.80 -0.99% FS
COTY 222070203 COTY INC-CL A -18,390 6.79 -124,868.10 -0.98% S
FL 344849104 FOOT LOCKER INC -6,440 19.33 -124,485.20 -0.98% S
WLK 960413102 WESTLAKE CORP -1,134 109.73 -124,433.82 -0.98% S
ALGN 016255101 ALIGN TECHNOLOGY INC -570 216.36 -123,325.20 -0.97% S
INTC 458140100 INTEL CORP -6,257 19.65 -122,950.05 -0.97% S
HAL 406216101 HALLIBURTON CO -4,600 26.29 -120,934.00 -0.95% S
ALB 012653101 ALBEMARLE CORP -1,511 79.88 -120,698.68 -0.95% S
MOS 61945C103 MOSAIC CO/THE -4,339 27.80 -120,624.20 -0.95% S
OXY 674599105 OCCIDENTAL PETROLEUM CORP -2,528 47.36 -119,726.08 -0.94% S
ASH 044186104 ASHLAND INC -1,860 64.29 -119,579.40 -0.94% S
ST G8060N102 SENSATA TECHNOLOGIES HOLDING -4,670 25.59 -119,505.30 -0.94% FS
PRGO G97822103 PERRIGO CO PLC -4,750 25.10 -119,225.00 -0.94% FS
BIIB 09062X103 BIOGEN INC -819 145.53 -119,189.07 -0.94% S
KSS 500255104 KOHLS CORP -9,126 12.99 -118,546.74 -0.93% S
IONS 462222100 IONIS PHARMACEUTICALS INC -3,564 33.17 -118,217.88 -0.93% S
BRKR 116794108 BRUKER CORP -2,040 57.43 -117,157.20 -0.92% S
BG H11356104 BUNGE GLOBAL SA -1,650 69.87 -115,285.50 -0.91% FS
BEN 354613101 FRANKLIN RESOURCES INC -5,565 20.65 -114,917.25 -0.91% S
DVN 25179M103 DEVON ENERGY CORP -3,365 34.14 -114,881.10 -0.91% S
JELD 47580P103 JELD-WEN HOLDING INC -13,170 8.57 -112,866.90 -0.89% S
LKQ 501889208 LKQ CORP -3,064 36.78 -112,693.92 -0.89% S
DINO 403949100 HF SINCLAIR CORP -2,934 38.05 -111,638.70 -0.88% S
HLF G4412G101 HERBALIFE LTD -20,483 5.41 -110,813.03 -0.87% FS
ADM 039483102 ARCHER-DANIELS-MIDLAND CO -2,385 46.45 -110,783.25 -0.87% S
TECH 09073M104 BIO-TECHNE CORP -1,457 75.25 -109,639.25 -0.86% S
BF/B 115637209 BROWN-FORMAN CORP-CLASS B -3,507 31.10 -109,067.70 -0.86% S
LEA 521865204 LEAR CORP -1,162 93.44 -108,577.28 -0.86% S
RIG H8817H100 TRANSOCEAN LTD -28,040 3.87 -108,514.80 -0.86% FS
TDC 88076W103 TERADATA CORP -3,367 31.65 -106,565.55 -0.84% S
AES 00130H105 AES CORP -10,090 10.48 -105,743.20 -0.83% S
CRL 159864107 CHARLES RIVER LABORATORIES -637 165.87 -105,659.19 -0.83% S
WFRD G48833118 WEATHERFORD INTERNATIONAL PL -1,600 65.25 -104,400.00 -0.82% FS
IPGP 44980X109 IPG PHOTONICS CORP -1,422 71.72 -101,985.84 -0.80% S
XRX 98421M106 XEROX HOLDINGS CORP -12,064 8.40 -101,337.60 -0.80% S
MUR 626717102 MURPHY OIL CORP -3,794 26.68 -101,223.92 -0.80% S
CABO 12685J105 CABLE ONE INC -339 288.91 -97,940.49 -0.77% S
MCHP 595017104 MICROCHIP TECHNOLOGY INC -1,820 53.50 -97,370.00 -0.77% S
HUN 447011107 HUNTSMAN CORP -5,944 16.32 -97,006.08 -0.76% S
WBA 931427108 WALGREENS BOOTS ALLIANCE INC -9,451 10.12 -95,644.12 -0.75% S
UPS 911312106 UNITED PARCEL SERVICE-CL B -836 111.90 -93,548.40 -0.74% S
PII 731068102 POLARIS INC -2,023 45.28 -91,601.44 -0.72% S
OLN 680665205 OLIN CORP -3,087 26.71 -82,453.77 -0.65% S
FMC 302491303 FMC CORP -2,053 35.92 -73,743.76 -0.58% S
CASH -2,794,695.7 100.00 -2,794,695.70 -22.03% CA
X9USDISLQ INVESCO GOVT AGENCY INSTL 1901 28,169,405.05 1.00 28,169,405.05 222.02% 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.