AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Short Interest Down 51.9% in January

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 1,096 shares, a drop of 51.9% from the December 31st total of 2,279 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,094 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 5,094 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

AdvisorShares Q Dynamic Growth ETF Stock Performance

Shares of NYSEARCA:QPX traded down $0.92 during trading hours on Friday, hitting $45.50. 2,984 shares of the company’s stock traded hands, compared to its average volume of 3,679. The company’s fifty day simple moving average is $44.96 and its two-hundred day simple moving average is $42.88. The company has a market cap of $34.58 million, a price-to-earnings ratio of 26.24 and a beta of 1.07. AdvisorShares Q Dynamic Growth ETF has a 52 week low of $30.65 and a 52 week high of $46.65.

Institutional Trading of AdvisorShares Q Dynamic Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QPX. Encompass More Asset Management lifted its stake in AdvisorShares Q Dynamic Growth ETF by 50.9% in the third quarter. Encompass More Asset Management now owns 241,323 shares of the company’s stock valued at $10,367,000 after purchasing an additional 81,445 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in AdvisorShares Q Dynamic Growth ETF in the third quarter worth $785,000. Osaic Holdings Inc. raised its stake in shares of AdvisorShares Q Dynamic Growth ETF by 19.4% in the second quarter. Osaic Holdings Inc. now owns 70,474 shares of the company’s stock valued at $2,729,000 after buying an additional 11,435 shares during the period. Legacy Wealth Managment LLC ID lifted its position in shares of AdvisorShares Q Dynamic Growth ETF by 45.8% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 19,157 shares of the company’s stock valued at $742,000 after buying an additional 6,022 shares during the last quarter. Finally, CWM LLC bought a new position in shares of AdvisorShares Q Dynamic Growth ETF during the 3rd quarter worth $54,000.

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.