CWS - AdvisorShares Focused Equity ETF
Complement to any Broad-Based Index Fund — CWS’s strategy seeks to avoid the fundamentally weak companies that index-based funds generally hold and only invest in those perceived as “first in class” firms. Low Turnover — CWS’s strategy is focused on the long term. That’s why CWS aims for a buy-and-hold strategy, trading as infrequently as possible and holding for as long as it can.
As of May 15, 2026: spot at $67.06, ATM IV 21.1%, net GEX $0.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $154.3M
- Beta
- 0.96
- 52-Week Range
- 63.09-72.08
- Dividend Yield
- $0.21
- IPO Date
- Sep 21, 2016
- Exchange
- AMEX
What CWS Looks Like to Options Traders Today
IV rank of 12.9% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($0) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.023) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The CWS overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked CWS overview questions
- What is CWS?
- CWS is the ticker symbol for AdvisorShares Focused Equity ETF, an listed exchange-traded fund. Complement to any Broad-Based Index Fund — CWS’s strategy seeks to avoid the fundamentally weak companies that index-based funds generally hold and only invest in those perceived as “first in class” firms. Low Turnover — CWS’s strategy is focused on the long term. Listed on AMEX. CWS is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the CWS options snapshot look like today?
- As of May 15, 2026, the CWS options snapshot shows spot at $67.06, ATM IV 21.1%, IV rank 12.9%, net GEX $0, expected move 6.05%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are CWS's key statistics?
- AdvisorShares Focused Equity ETF (CWS) carries a market capitalization of $154.3M, 52-week range of 63.09-72.08. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does CWS belong to?
- AdvisorShares Focused Equity ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare CWS's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the CWS data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.