AdvisorShares Launches Dorsey Wright Micro Cap ETF (DWMC) and Dorsey Wright Short ETF (DWSH)
AdvisorShares announced that the AdvisorShares Dorsey Wright Micro Cap ETF (DWMC) and the AdvisorShares Dorsey Wright Short ETF (DWSH) began trading. DWMC and DWSH are actively managed by Nasdaq Dorsey Wright who are renowned for their core philosophy of relative strength investing, which 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.
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.
On the other hand, DWSH identifies and short sells securities that demonstrate the highest relative weakness from an investment universe primarily comprised of large-cap U.S.-traded equities.