Short Interest in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Drops By 53.2%

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 2,279 shares, a decline of 53.2% from the December 15th total of 4,869 shares. Based on an average daily trading volume, of 1,294 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,294 shares, the days-to-cover ratio is currently 1.8 days.

AdvisorShares Q Dynamic Growth ETF Price Performance

Shares of NYSEARCA:QPX traded down $0.10 on Friday, hitting $45.48. The company’s stock had a trading volume of 1,840 shares, compared to its average volume of 4,749. The company has a market capitalization of $34.56 million, a PE ratio of 26.24 and a beta of 1.07. The company has a 50-day simple moving average of $44.35 and a 200 day simple moving average of $42.35. AdvisorShares Q Dynamic Growth ETF has a 1 year low of $30.65 and a 1 year high of $46.02.

Institutional Investors Weigh In On AdvisorShares Q Dynamic Growth ETF

Several hedge funds have recently bought and sold shares of the stock. Sentinus LLC increased its holdings in shares of AdvisorShares Q Dynamic Growth ETF by 0.8% in the 2nd 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 last quarter. Ameriflex Group Inc. grew its position in AdvisorShares Q Dynamic Growth ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 2,122 shares of the company’s stock worth $91,000 after acquiring an additional 1,061 shares in the last quarter. CWM LLC bought a new position in AdvisorShares Q Dynamic Growth ETF in the third quarter valued at $54,000. Legacy Wealth Managment LLC ID increased its stake in AdvisorShares Q Dynamic Growth ETF by 45.8% in the second 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 during the last quarter. Finally, Osaic Holdings Inc. raised its position in AdvisorShares Q Dynamic Growth ETF by 19.4% during the second quarter. Osaic Holdings Inc. now owns 70,474 shares of the company’s stock valued at $2,729,000 after purchasing an additional 11,435 shares in the last quarter.

AdvisorShares Q Dynamic Growth ETF Company Profile

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.