AdvisorShares Dorsey Wright Short ETF (NASDAQ: DWSH)

Latest news for AdvisorShares Dorsey Wright Short ETF (NASDAQ:DWSH)

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Dorsey, Wright & Associates, LLC (the Sub-Advisor), the sub-advisor to the fund, seeks to achieve the funds investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds (ETFs). Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

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With the present market volatility, some investors may want to consider hedging their portfolios. One way to do that is to short stocks. 

How To Short The Stock Market Via Inverse ETFs

Fintech news covering the emerging Financial Technology services sector

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COVID-19 Coronavirus Forces Investors To Look For Yield, Safety

Broad U.S. Equity ETFs

Sometimes, It Pays To Be Short

Aptiv PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) disclosed that its Board of Directors has approved a plan to separate its Electrical Distribution Systems (EDS) business from Aptiv, creating two <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43124298/aptiv-unplugs-eds-spin-off-aims-to-supercharge-electrification-automation-and-ai">independent entities</a>.
Aptiv also reaffirmed its 2024 outlook, with a fourth-quarter earnings report scheduled for February 6, 2025. While reporting third-quarter results in October, Aptiv said it expects FY24 adjusted earnings per share in the range of $6.00-$6.30 ($6.12 estimate) and net sales of $19.60 billion-$19.90 billion ($19.68 billion estimate).
Kevin Clark, Aptiv's Chairman and CEO, emphasized that the separation is part of the company's broader transformation strategy.
"Following completion of the transaction, Aptiv will have a portfolio of advanced software and hardware technologies and highly engineered, mission-critical products that are aligned with global mega trends fueling growth in diverse end markets," Clark said.
Aptiv's shares gained 1.5% to close at $62.73 on Wednesday.
These analysts made changes to their price targets on Aptiv following the announcement.
<ul>
<li>Piper Sandler analyst Alexander Potter upgraded Aptiv from Underweight to Neutral and raised the price target from $53 to $65.</li>
<li>Baird analyst David Leiker maintained the stock with a Neutral and raised the price target from $70 to $75.</li>
</ul>
Considering buying APTV stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="596" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175-1024x596.png" alt="" class="wp-image-746807" style="width:503px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175-1024x596.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175-300x175.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175-768x447.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175.png 1086w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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These Analysts Boost Their Forecasts On Aptiv

B of A Securities analyst Wamsi Mohan maintains Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) with a Neutral and raises the price target from $75 to $85.

B of A Securities Maintains Neutral on Amphenol, Raises Price Target to $85

Citigroup analyst Christopher Allen reinstates Blue Owl Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) with a Buy and announces $30 price target.

Initiation

Citigroup Reinstates Buy on Blue Owl Cap, Announces $30 Price Target

B of A Securities analyst Tim Anderson maintains Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) with a Neutral and lowers the price target from $160 to $159.

B of A Securities Maintains Neutral on Johnson & Johnson, Lowers Price Target to $159

WIIM

VIGL

Vigil Neuroscience shares are trading higher after the company reported data from its completed Phase 1 clinical trial evaluating VG-3927 for the potential treatment of Alzheimer's disease.

Looking Ahead to 2025
As we enter 2025, we are excited to build on this momentum. Our focus remains on:
<ul>
<li>Identifying key opportunities to advance (Z)-endoxifen into registrational clinical trials with the goal of advancing (Z)-endoxifen to the market in the quickest way possible. This is our company's top priority, and we commit to communicating our progress on this goal in the first quarter of this year.</li>
<li>Amplifying our ongoing business development efforts to ensure women globally have the opportunity to benefit from (Z)-endoxifen.</li>
<li>Deepening collaborations with industry leaders and advocacy groups to broaden the impact of our work.
<ul>
<li>Extending our track record of financial strength that will position us to support our long-term growth.</li>
</ul>
</li>
</ul>

Biotech

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ATOS

Atossa Therapeutics Says Z-Endoxifen To Enter Registrational Clinical Trials In 2025; Updates On Progress Expected Q1; Global Business Development Efforts Amplified; Industry Partnerships Deepened; Financial Strength For Long-Term Growth Emphasized

B of A Securities analyst Joanna Gajuk maintains Concentra Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CON#NYSE">CON</a>) with a Buy and raises the price target from $24 to $25.

B of A Securities Maintains Buy on Concentra Group Holdings, Raises Price Target to $25

McCormick &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) reported&nbsp;fourth-quarter sales growth of 3% year-on-year to $1.798 billion, beating the analyst consensus <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43155089/mccormick-reports-strong-2024-financial-results-and-provides-2025-outlook" rel="noreferrer noopener">estimate of $1.77 billion</a>.
Flavor Solutions segment sales grew by 1%, with minimal impact from currency. Consumer segment sales increased 4%.
Gross profit was $722.2 million, with the margin expanding 20 basis points Y/Y to 40.2%.
Operating income rose 3% to $306.2 million and the operating margin remained flat at 17%.
Adjusted EPS of $0.80 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus estimate of $0.77.</a>
McCormick held $186.1 million in cash and equivalents as of November 30, 2024. The company generated an operating cash flow of $922 million in FY24.
&#8220;We are pleased to report strong performance for both fourth quarter and fiscal year 2024, an important year for McCormick, in which we built momentum and strengthened our leadership, returning to differentiated and sustainable volume-led growth,&#8221; said Chairman, President, and CEO Brendan M. Foley.
&#8220;Our strategic investments in core categories enabled us to drive positive volume growth, expand our margins, and deliver robust earnings growth.&#8221;
Outlook: McCormick sees FY25 sales growth of 0% – 2% as reported and 1%&nbsp;&#8211;&nbsp;3% in constant currency. The company expects an adjusted EPS of $3.03 – $3.08 versus the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">estimate of $3.11.</a>
Price Action: MKC shares are trading higher by 2.29% at $71.55 in premarket at last check Thursday.

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McCormick Posts 3% Sales Growth In Q4 As Consumer Demand Rise

SES AI shares are trading higher after the company announced it secured two contracts worth $10 million in total.

The OLB Group, Inc., (NASDAQ:<a href="https://www.benzinga.com/stock/OLB#NASDAQ">OLB</a>), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today the introduction of a 3D Secure (3DS)  Access Control Service to enhance security for the Company's proprietary Card-Not-Present (CNP)  payment gateway, SecurePay&#x2122;. The Company has integrated and certified SecurePay with major card brands such as Visa, MasterCard and Discover for 3D Secure services.
Key features of SecurePay's 3D Secure solution:
Enhanced Fraud Prevention: OLB's 3DS gateway minimizes the likelihood of fraudulent transactions by implementing real-time authentication protocols.
Enhanced Customer Trust: By providing an additional layer of security, customers feel more assured about their online transactions, which may result in higher conversion rates.
Liability Shift: Using 3DS shifts the liability for fraudulent transactions from merchants to card issuers.
Enhanced fraud protection with dynamic risk rules
Responsibility for chargeback liabilities transitions from businesses to card issuers for authenticated transactions.
Global Acceptance: OLB's 3DS gateway is compatible with major card providers globally, ensuring secure international transactions.
Regulatory Compliance: The system ensures adherence to industry standards like PCI DSS, meeting legal and financial regulations.
Seamless Integration: Facilitates easy implementation with current e-commerce platforms, thereby reducing any potential disruptions to the user experience.
Integration with SecurePay's Ecosystem: As part of OLB Financial Technologies, the 3DS solution provides integration with other SecurePay products and services.
By using this advanced 3D Secure gateway, OLB ensures a safe, efficient, and trustworthy online shopping environment for both merchants and customers.
Mobile Optimization: Supports modern, user-friendly authentication methods for a smooth mobile shopping experience.
3D Secure (3DS) is a global authentication protocol designed to add an extra layer of security to online credit and debit card transactions. Originally developed by Visa and Mastercard, it is now used by major card networks to reduce fraud and enhance the safety of eCommerce payments.

OLB Group Introduces 3D Secure Access Control For SecurePay; Integrates Visa, MasterCard, Discover For Enhanced Fraud Prevention, Liability Shift, Compliance, And Global eCommerce Security.

Baird analyst Colin Sebastian maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Outperform and lowers the price target from $175 to $158.

Baird Maintains Outperform on Electronic Arts, Lowers Price Target to $158

Data shared from phase II NEO trial highlights Guardant Reveal&#x2122; as a decision tool to support organ preservation in rectal cancer
Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>), a leading precision oncology company, today announced the company and its research collaborators will present data showcasing the benefits of Guardant's precision oncology tools across cancer screening, recurrence monitoring, treatment selection and therapy development at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium (ASCO GI) in San Francisco, January 23-25, 2025.
Key focus areas in Guardant's co-authored abstracts and collaborator presentations utilizing Guardant products include the impact of mutations on treatment response in colorectal cancer and biliary tract cancers, and additional support for the benefits of blood-based screening in colorectal, gastric and esophageal cancers. A rapid oral presentation will feature data from the phase II NEO trial highlighting Guardant Reveal as a decision tool to support organ preservation in patients with node-negative rectal cancer undergoing neoadjuvant chemotherapy, excision and observation.

Guardant Health Presents Phase II NEO Trial Data On Guardant Reveal Tool For Organ Preservation In Node-Negative Rectal Cancer At The ASCO GI Symposium

Citigroup analyst Andrew Kaplowitz maintains GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with a Neutral and raises the price target from $361 to $437.

Citigroup Maintains Neutral on GE Vernova, Raises Price Target to $437

Sellas Life Sciences shares are trading higher after the company announced interim analysis results from its Phase 3 REGAL trial of GPS in acute myeloid leukemia.

Bolivia, the owner of the world's largest lithium reserves, is trying to capitalize on this valuable resource. Despite prices plummeting from 2022 highs, the country is pushing forward with large-scale investments to take advantage of the <a target="_blank" href="https://www.benzinga.com/topic/battery" rel="noreferrer noopener">growing battery industry</a>.
"With the two new contracts, we plan to reach 49,000 tons of lithium carbonate annually within three years," Omar Alarcon, president of Bolivia's state-owned lithium company Yacimientos de Litio Bolivianos (YLB) <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-01-21/bolivia-steps-up-lithium-dealmaking-despite-growing-opposition" rel="noreferrer noopener">told</a> Bloomberg.
YLB's deals with Russia's Uranium One Group and a Chinese consortium totaling nearly $2 billion. The agreements include the construction of three processing plants. The Russian-backed facility is set to produce 14,000 tons annually, while the Chinese partnership aims to add 35,000 tons.
Despite holding an estimated 21 million tons of lithium beneath the Uyuni salt flat in the southern region of Potosí, Bolivia's current production is negligible.
Key challenges include the high altitude of its deposits, the logistical constraints of being landlocked, and a high concentration of magnesium in its brine, which complicates extraction.
Together, these hurdles make the production at current prices of around $10,000 per ton barely viable. To address these obstacles, the government is banking on direct lithium extraction technology, which promises to reduce processing times and increase efficiency.
While Bolivia's ambitions are laudable, environmental concerns loom large. Last year, Potosí Senator Elena Aguilar voiced concerns over water usage <a target="_blank" href="https://news.mongabay.com/2024/04/rapid-growth-of-bolivias-lithium-industry-creating-new-problems-for-local-communities/" rel="noreferrer noopener">for</a> Mongabay.
"We want to see the industrialization of lithium, but it has to be done responsibly for the sake of our natural resources." A 2024 inspection by the Regional Federation of Workers and Peasants of the Southern Altiplano found operational inefficiencies at existing facilities. Equipment at a lithium carbonate plant remained unpacked, and power shortages were hampering progress. Moreover, a potassium chloride plant, designed for 350,000 tons of annual production managed only 80,000 tons, raising doubts about Bolivia's industrial readiness.
Still, the industry's problems extend far beyond emerging markets. A <a target="_blank" href="https://pdf.sciencedirectassets.com/319959/1-s2.0-S2589811624X00051/1-s2.0-S2589811625000011/main.pdf" rel="noreferrer noopener">research paper</a> by Johnson, Park, and Kramarz critiques the lack of credible governance mechanisms in the lithium sector, pointing out that voluntary and hybrid regulatory measures often fail to prevent environmental harm or ensure community participation.
The authors stress that effective governance must include stringent monitoring, local engagement, and enforceable penalties for non-compliance—a long shot for a country such as Bolivia, which boasts a Corruption Perceptions Index of 29, the sixth-worst in the LATAM region.
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</ul>
Photo via Shutterstock

Latin America

Financing

Commodities

Bolivia Taps BRICS For Raising $2 Billion, Targets Its Vast Lithium Riches

BNZI

Banzai International shares are trading higher after the company announced the acquisition of Act-On Software.

As of Jan. 23, 2025, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Kopin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>)</h3>
<ul>
<li>Kopin shares rose sharply on Wednesday amid a report suggesting the company may be interested in competing for an Army contract. The company's stock surged around 20% over the past five days and has a <a href="https://www.benzinga.com/quote/KOPN">52-week high of $2.82</a>.</li>
<li>RSI Value: 77.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>KOPN Price Action: Shares of Kopin gained 14% to close at $1.47 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Guidewire Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>)</h3>
<ul>
<li>Guidewire Software will replace Arrowhead Pharmaceuticals in the S&amp;P MidCap 400, effective prior to opening of trading on Jan. 27. The company's stock gained around 5% over the past five days and <a href="https://www.benzinga.com/quote/GWRE">has a 52-week high</a> of $209.14.</li>
<li>RSI Value: 72.5</li>
<li>GWRE Price Action: Shares of Guidewire Software gained 1.1% to close at $183.49 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Himax Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>)</h3>
<ul>
<li>On Jan. 10, Delta reported fourth-quarter adj. operating revenue growth of 5.7% year-over-year to $14.437 billion. GAAP operating revenue was $15.56 billion (+9.4% YoY), beating the consensus of $14.212 billion. The company's stock gained around 29% over the past five days and has a <a href="https://www.benzinga.com/quote/HIMX">52-week high</a> of $11.14.</li>
<li>RSI Value: 74.9</li>
<li>HIMX Price Action: Shares of Himax gained 3.8% to close at $9.92 on Wednesday.</li>
</ul>
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GWRE

HIMX

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Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Reinsurance Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>) short percent of float has risen 46.03% since its last report. The company recently reported that it has 466 thousand shares sold short, which is 0.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Reinsurance Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737638122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Reinsurance Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Reinsurance Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Reinsurance Gr's peer group average for short interest as a percentage of float is 1.75%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Peering Into Reinsurance Gr's Recent Short Interest

On Thursday, Banzai International, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) announced that it has signed a definitive agreement to acquire Act-On Software Inc, an enterprise marketing automation platform (MAP) provider.
The aggregate merger consideration of $53.2 million will consist of common stock and pre-funded warrants exercisable for common stock, valued at $33.2 million, and a cash consideration of $20.0 million.
Act-On is an easy-to-use, intelligent marketing automation platform powered by AI and supported by an open data architecture.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43130244/amphenol-q4-earnings-30-sales-growth-ceo-highlights-growth-in-it-mobile-and-defense-markets-forecasts-strong-q1-sales-growth" rel="noreferrer noopener">Amphenol Q4 Earnings: Revenue And EPS Beat, CEO Highlights Growth In IT, Mobile And Defense, Strong Q1 Forecast And More</a>
Clients like Hitachi, BestBuy, and Progressive Insurance utilize Act-On to improve lead generation, increase sales pipeline, automate customer communications, and increase return on marketing investment (ROMI).
Banzai founder and CEO Joe Davy noted that Act-On&#8217;s software complements Banzai&#8217;s suite of tools for data-driven marketers. By making customer data actionable, Act-On empowers marketers to create smart, effective programs to drive growth and increase customer lifetime value—all with exceptional speed and efficiency, Davy added.
The acquisition is projected to increase revenue by $27 million for the twelve-month period ending December 31, 2025, on a pro forma basis.
Banzai held $4.3 million in <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41994365/banzai-reports-third-quarter-2024-financial-results-annualized-adjusted-net-loss-improvement-of-12" rel="noreferrer noopener">cash and equivalents</a> as of September 30, 2024
Price Action: At the last check on Thursday, BNZI stock traded higher by 1.21% to $1.67 in the premarket session.
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<li><a href="https://www.benzinga.com/25/01/43102671/comcasts-wicked-hits-700-million-worldwide-breaks-records-as-top-grossing-stage-musical-adaptation" target="_blank" rel="noreferrer noopener">Comcast&#8217;s Wicked Hits $700 Million Worldwide, Breaks Records as Top-Grossing Stage Musical Adaptation</a></li>
</ul>

Market-Moving Exclusives

Exclusives

EXCLUSIVE: Banzai To Snap Act-On Software For $53.2 Million, Expanding AI-Powered Marketing Tools for Clients Like BestBuy and Hitachi

Baker Hughes's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NYSE">BKR</a>) short percent of float has fallen 10.55% since its last report. The company recently reported that it has 13.65 million shares sold short, which is 1.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.4 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Baker Hughes Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737638117_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Baker Hughes has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Baker Hughes's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Baker Hughes's peer group average for short interest as a percentage of float is 8.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Baker Hughes?

AdvisorShares Dorsey Wright Short ETF -1x Shares

With the present market volatility, some investors may want to consider hedging their portfolios. One way to do that is to short stocks.&nbsp;

The problem with shorting stocks outright is the unlimited risk associated with it. Because stocks can theoretically go up forever, betting against them makes the amount you can lose unlimited. Most brokers also require a margin account in order to short stocks, which is something not all retail traders have access to.&nbsp;

There are however, other ways to bet against the market. One of the most popular ways to do that is with inverse ETFs.&nbsp;

<h3>Inverse ETFs</h3>

One risk to shorting has been eliminated with the creation of certain inverse ETFs. Inverse ETFs are not short individual stocks; they are long portfolios of securities structured to perform in an inverse direction to benchmarks. Derivatives and other securities are used, including swap agreements. Some of these ETFs do not use benchmarks to short against, but rather create their own models to perform in an inverse manner.&nbsp;

Suppose you thought the overall market will decline in the short term. One way to hedge your portfolio to prepare for that would be to buy the ProShares Short S&amp;P 500 (NYSE:<a class="ticker" href="/stock/SH#NYSE">SH</a>), which attempts to return the daily investment result that is the inverse of the S&amp;P 500 Index performance. If the S&amp;P 500 Index goes up one percent in a day, the daily goal of SH is to decline by one percent on that day.&nbsp;

<h3>Emphasis On Daily Returns</h3>

Maybe the biggest difference between sophisticated investors and retail investors regarding inverse ETFs is that experienced investors understand how different the performance of a daily return versus a non-daily return can be on a longer than one-day basis. Before trading an inverse ETF, you need to understand that an inverse ETF&rsquo;s asset base will be reset on a daily basis.&nbsp;

An example is to suppose that you think the tech sector is going to decline, and you want to short the sector for a big move. So, you buy the ProShares Short QQQ ETF (NYSE:<a class="ticker" href="/stock/PSQ#NYSE">PSQ</a>) and plan to hold it for more than one day. Even if you&rsquo;re right, and QQQ declines, PSQ will match the inverse of QQQ&rsquo;s performance for only one day. The second day and third day, and every day after that, QQQ and PSQ will travel in an inverse direction, but they will not necessarily not match each other.&nbsp;

There are several factors that cause inverse ETF&rsquo;s to not return the exact opposite performance of an index. One of these is costs: inverse ETFs usually have higher expense ratios, sometimes much higher, than regular ETFs. Some inverse ETFs have expense ratios of one percent or more, which cuts down on the return of inverse ETFs.&nbsp;

Another factor contributing to performance difference is the compounding effect. After each trading day, inverse ETF&rsquo;s are reset, and the gain or loss for the next trading day is based on the principal reset principal price. This is not true of the index, which is not reset; the principal amount of the index includes factors such as its prior gains or losses, dividends, and other earnings, and expenses, which increases and reduces the index principal value. &nbsp;&nbsp;

Among the other factors differentiating the price performance between an index and its inverse ETF performance for more than one day is correlation risk; some of the companies in an index might be hard to trade, increasing trading costs. This is a daily potential problem since an inverse ETF rebalances each trading day.

<h3>Actively managed inverse ETFs. &nbsp;</h3>

There are inverse ETFs offered for a wide variety of markets, such as sectors, countries, or asset classes. Most inverse ETFs are passively managed, meaning they track an index. However some inverse ETFs are actively managed, that is they&rsquo;re managed by a team that makes changes according to their investment model. AdvisorShares is an ETF sponsor that offers actively managed inverse ETFs, the Ranger Equity Bear (NYSE:<a class="ticker" href="/stock/HDGE#NYSE">HDGE</a>) and AdvisorShares Dorsey Wright Short (NASDAQ:<a class="ticker" href="/stock/DWSH#NASDAQ">DWSH</a>). &nbsp;

In actively managed portfolios, managers seek out the asset classes that are most prone to decline. This strategy is different than a benchmark inverse ETF. With actively managed inverse ETFs, the ETF may not go up when the market is declining because there is no benchmark to tie its market performance to. Instead, the ETF maker decides which sectors to short according to its methodology. All the major indexes might go down, for example, and an actively managed inverse ETF can decline. Of course, the adverse can also happen where actively managed inverse ETFs can advance when the market goes up.

When used correctly, inverse ETFs can be a great way to hedge your portfolio and bet on the downside. For any investor who understands the risks and benefits of using leverage, these products can provide a tactical way to protect your investments and even profit in the event of a downturn.&nbsp;

Max Isaacman is a Registered Investment Advisor and Author in San Francisco. Among other firm associations, he was a registered representative at Merrill Lynch and a Vice President at Lehman Brothers. He wrote three books published by McGraw-Hill, including the groundbreaking first ETF book, How to be an Index Investor (McGraw-Hill, 2000), and one book published by Financial Times Press; the books are internationally published, including in China and Russia. He can be contacted at maxisa@portsmouthfinancial.com&nbsp;

&nbsp;

The author is currently long DWSH

With volatility at historically high levels and the COVID-19 coronavirus testing the limits of the entire global financial system, investors have been sent on a hunt for yield and safety.

Since the late February highs in broad market indices, drawdowns in some passive funds have reached levels as high as 30%. According to <a href="https://www.bloomberg.com/news/articles/2020-03-18/spdr-s-p-500-daily-outflows-6-55b-most-in-at-least-a-year?sref=TBDibEcD">Bloomberg</a>&nbsp;data, the SPDR S&amp;P 500 ETF saw investors withdraw more than $6.5 billion in a session, the most since October 2018.

A question now arises; where do investors go?

Cognizant of the extreme volatility and failure of broad-market investment vehicles to outperform in times of uncertainty, AdvisorShares Investments, a U.S.-based investment management firm founded in 2006, claims to have the solution: actively managed ETFs.

&ldquo;All of our ETFs have portfolio managers who are making decisions based on different strategies that they run, trying to outperform either on an absolute or risk-adjusted basis, some passive underlying benchmark,&rdquo; AdvisorShares CEO Noah Hamman told Benzinga.

According to Hamman, investors get access to outperforming investment vehicles whose liquidity, expenses, and transparency allow for efficient and diversified exposure in international and domestic assets.

Hamman told Benzinga that the recent downturn brought massive interest to the firm&rsquo;s two all-short funds, Dorsey Wright Short Equity ETF (NASDAQ:<a class="ticker" href="/stock/DWSH#NASDAQ">DWSH</a>) and Ranger Equity Bear ETF (NYSE:<a class="ticker" href="/stock/HDGE#NYSE">HDGE</a>).

&ldquo;They&rsquo;re actively managed, so they are not broadly shorting the good stocks, along with the bad,&rdquo; he said.

&ldquo;We&rsquo;ve seen the most amount of flows at the beginning of the year, and then, certainly over the past two weeks,&rdquo; added Hamman.

In Hamman&rsquo;s view, the future of investing is one that includes both passive and active management; this note comes alongside comments made by successful fund managers like Michael Burry, who became famous for betting against mortgage securities.

According to Burry, the preconditions for central bank backstops are no longer valid and that the large inflows which caused index funds to distort stock and bond prices will turn into large outflows.

&ldquo;I have had a significant bearish market bet that is working out for now,&rdquo; Burry <a href="https://finance.yahoo.com/news/big-short-michael-burry-bearish-101844573.html">told</a> Bloomberg. &ldquo;A global pandemic is absolutely a potential trigger for the unwinding of the passive investing bubble. With Covid-19, the hysteria appears to me worse than the reality, but after the stampede, it won&rsquo;t matter.&rdquo;

AdvisorShares thinks it has the answer with it&rsquo;s blended and pureplay thematic, microcap, cannabis, equity and fixed income investment strategies. Hamman noted that sheltering investors from the storm is a top priority with its systematic, built-in hedges that withstand extreme market volatility, such as the market crash of 2020.

&ldquo;We use the iTunes analogy; I want to be able to get [managers] within your playlists -- your portfolio -- that are good, unique, not mainstream and accessible from a hundred other places.&rdquo;

These days, the more U.S. equity markets are open, the more it seems the bull market born in 2009 is dead. The S&amp;P 500 is down more than 9 percent over the past week, nearly 11.6 percent this month and almost 19.5 percent in the fourth quarter.

Cementing the death of the bull market is this factoid: the S&amp;P 500 is <a href="https://finviz.com/quote.ashx?t=SPY">20.28 percent below</a> its 52-week high.

<h3>What Happened</h3>

When markets falter, some investors turn to long/short strategies and the related exchange traded funds. As the name implies, those products simultaneously offer investors bullish and bearish exposure, but the result of the long exposure is that long/short strategies are usually just less bad than traditional long ETFs when markets decline.

Being outright bearish has recently been paying off. Just look at the AdvisorShares Dorsey Wright Short ETF (NASDAQ:<a class="ticker" href="/stock/DWSH#NASDAQ">DWSH</a>).

<h3>Why It&#39;s Important</h3>

As its name implies, the AdvisorShares Dorsey Wright Short ETF is a pure bearish strategy. As such, the fund is on fire and in a good way. On Monday, just seven U.S.-listed ETFs hit record highs. DWSH was one of those seven.

The bearish fund is now up more than 18 percent in the fourth quarter and nearly 31 percent year-to-date. DWSH&#39;s methodology is rooted in relative strength.

&ldquo;Relative strength investing involves buying securities that have appreciated in price more than the other securities in their investment universe and holding those securities until they exhibit sell signals,&rdquo; <a href="https://www.advisorshares.com/fund/dwsh">according to AdvisorShares</a>. &ldquo;In implementing DWSH&rsquo;s shorting strategy to its core philosophy of relative strength investing, Dorsey Wright identifies and short sells those securities with the highest relative weakness within an investment universe primarily comprised of large-capitalization U.S.-traded equities.&rdquo;

<h3>What&#39;s Next</h3>

Nearly two-thirds of DWSH&#39;s short positions are mid caps, a solid idea at a time when the S&amp;P MidCap 400 Index is sporting a fourth-quarter loss of almost 23 percent.

The fund is also profiting from the erosion in cyclical sectors. Short bets on consumer discretionary names represent 28.64 percent of DWSH&#39;s portfolio while the industrial and financial services sectors <a href="https://www.advisorshares.com/fund/dwsh">combine for over 31 percent </a>of the fund&#39;s weight.

Related Links:

<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/12/12886052/this-leveraged-etf-has-doubled-this-month">This ETF Is On Fire</a>

<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/12/12849932/rethinking-global-fixed-income-strategies">A New Global Bond ETF</a>

Micro-cap stocks and the related exchange traded funds&nbsp;are delivering some impressive returns, so perhaps it is time for some additions to the&nbsp;fray.

Earlier this week, AdvisorShares, one of the largest issuers of actively managed ETFs, introduced the AdvisorShares Dorsey Wright Micro Cap ETF (NASDAQ:<a class="ticker" href="/stock/DWMC#NASDAQ">DWMC</a>).

<h3>What Happened</h3>

&ldquo;DWMC seeks long-term capital appreciation by investing in exchange-listed micro-cap equities with sufficient liquidity that have a market capitalization of less than $1 billion,&rdquo; <a href="http://markets.businessinsider.com/news/stocks/advisorshares-launches-dorsey-wright-micro-cap-etf-dwmc-and-dorsey-wright-short-etf-dwsh-1027362390">according to a statement from Maryland-based AdvisorShares</a>.

The inclusion of stocks with market values of up to $1 billion means DWMC will hold some stocks that are defined as small caps. The new ETF is actively managed and focuses on relative strength investing.

That methodology &ldquo;buys securities that have appreciated in price more than other equities within its investment universe and holding those securities until they exhibit sell signals,&rdquo; <a href="https://www.advisorshares.com/fund/dwmc">according to AdvisorShares</a>.

<h3>Why It&#39;s Important</h3>

The new ETF does not use fundamental analysis in its stock selection process. Not only does relative strength investing offer the potential to identify winning securities, but it can help investors avoid lagging stocks.

&ldquo;One of the characteristics of the investment universe of micro-cap equities used for DWMC is that there is a significant amount of dispersion, meaning there are a lot of stocks that have tremendous performance and others that have dreadful performance,&rdquo; said AdvisorShares. &ldquo;That is great for any relative strength strategy. The portfolio manager believes that relative strength is equally good at identifying long-term winners and losers.&rdquo;

DWMC charges 0.99 percent&nbsp;per year, or $99 on a $10,000 investment.

<h3>What&#39;s Next</h3>

AdvisorShares also introduced the AdvisorShares Dorsey Wright Short ETF (NASDAQ:<a class="ticker" href="/stock/DWSH#NASDAQ">DWSH</a>).

That new actively managed ETF seeks out lagging stocks with the potential to continue falling. The portfolio will mainly be comprised of U.S. large caps.

&ldquo;DWSH&#39;s dedicated short equity portfolio typically has 75-100 holdings that begin with a modified equal weighting,&rdquo; according to the issuer. &ldquo;At certain technical levels during severe market downturns, the strategy can allocate its short exposure more broadly to the domestic equity market &mdash;&nbsp;by shorting individual ETFs or futures contracts &mdash;&nbsp;seeking to enhance its total return.&rdquo;

DWSH also charges 0.99 percent per year.

Related Links:

<a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/07/12009102/dividend-growth-provides-a-spark-for-these-etfs">Find Growing Dividends Here</a>

<a href="https://www.benzinga.com/news/earnings/18/07/11995896/earnings-season-beckons-for-leveraged-etfs">Time For Earnings And Leveraged ETFs</a>

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