AdvisorShares Dorsey Wright Micro-Cap ETF
DWMC
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 4800 Montgomery Lane, Suite 150 Bethesda MD United States of America 20814
- IPO Date
- Jul 11, 2018
- CIK
- 0001408970
- Similar Companies
- Business
- AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in U.S.-traded micro-cap equity securities, including common and preferred stocks and American Depositary Receipts (ADRs) of companies with market capitalizations generally under $1 billion. The fund, sub-advised by Nasdaq Dorsey Wright, employs a proprietary relative strength investing strategy that selects securities from the lower half of the Russell 2000 Index based on price momentum, buying those that have outperformed peers and holding until they underperform; under normal circumstances, at least 80% of net assets are invested in such micro-cap securities. It targets investors seeking exposure to high-growth potential micro-cap stocks across various sectors, with a net expense ratio of 1.25% and assets under management of approximately $2.3 million. Launched on July 10, 2018, as part of AdvisorShares Trust—a Bethesda, Maryland-based sponsor of actively managed ETFs founded in 2006—DWMC operates within the equity size and style focus segment, emphasizing developed North American markets. The fund complements Nasdaq Dorsey Wright's suite of six AdvisorShares ETFs, which include strategies for global equities (DWAW), U.S. large-cap (DWUS), foreign ADRs (AADR), and short positions (DWSH), all driven by relative strength and technical analysis. In recent developments, DWMC earned a 5-Star Morningstar Rating in June 2022, highlighting its risk-adjusted performance. Nasdaq Dorsey Wright, the sub-advisor since 2016, continues to refine its proprietary Fund Score Method (FSM) and relative strength models across its ETF lineup, with ongoing tactical allocations emphasizing leadership themes amid market volatility. No major acquisitions, funding rounds, or product launches specific to DWMC were reported in the last 1-2 years, though the fund maintains its micro-cap focus despite low trading volume and assets.