Short Interest in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Rises By 90.8%

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 4,869 shares, a growth of 90.8% from the November 30th total of 2,552 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 2,192 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily trading volume, of 2,192 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.7% of the shares of the company are sold short.

AdvisorShares Q Dynamic Growth ETF Stock Performance

QPX traded up $0.09 during trading on Friday, hitting $45.47. The stock had a trading volume of 321 shares, compared to its average volume of 2,292. AdvisorShares Q Dynamic Growth ETF has a twelve month low of $30.65 and a twelve month high of $45.47. The firm has a market capitalization of $33.19 million, a P/E ratio of 26.24 and a beta of 1.07. The company’s 50-day moving average price is $44.00 and its 200 day moving average price is $41.65.

Institutional Trading of AdvisorShares Q Dynamic Growth ETF

A number of hedge funds have recently bought and sold shares of the company. CWM LLC bought a new position in AdvisorShares Q Dynamic Growth ETF in the 3rd quarter worth about $54,000. Ameriflex Group Inc. raised its position in shares of AdvisorShares Q Dynamic Growth ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 2,122 shares of the company’s stock worth $91,000 after purchasing an additional 1,061 shares during the period. Foundations Investment Advisors LLC purchased a new stake in AdvisorShares Q Dynamic Growth ETF during the third quarter valued at about $785,000. Legacy Wealth Managment LLC ID lifted its position in shares of AdvisorShares Q Dynamic Growth ETF by 45.8% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 19,157 shares of the company’s stock valued at $742,000 after acquiring an additional 6,022 shares in the last quarter. Finally, Sentinus LLC boosted its position in shares of AdvisorShares Q Dynamic Growth ETF by 0.8% in the second quarter. Sentinus LLC now owns 33,214 shares of the company’s stock worth $1,287,000 after buying an additional 268 shares during the period.

About AdvisorShares Q Dynamic Growth ETF

The AdvisorShares Q Dynamic Growth ETF (QPX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to maximize long-term growth through equity exposure while tactically managing downside risk. QPX was launched on Dec 28, 2020 and is managed by AdvisorShares.