AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Short Interest Update

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,619 shares, an increase of 239.9% from the June 30th total of 2,536 shares. Based on an average daily volume of 2,270 shares, the days-to-cover ratio is presently 3.8 days. Currently, 1.3% of the company’s shares are sold short.

Institutional Investors Weigh In On AdvisorShares Q Dynamic Growth ETF

Several large investors have recently made changes to their positions in the business. Foundations Investment Advisors LLC raised its position in AdvisorShares Q Dynamic Growth ETF by 54.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 28,163 shares of the company’s stock valued at $1,254,000 after purchasing an additional 9,901 shares during the period. Legacy Wealth Managment LLC ID raised its stake in shares of AdvisorShares Q Dynamic Growth ETF by 13.5% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 18,336 shares of the company’s stock valued at $816,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Professional Financial Advisors LLC lifted its holdings in AdvisorShares Q Dynamic Growth ETF by 0.7% during the 2nd quarter. Professional Financial Advisors LLC now owns 65,220 shares of the company’s stock worth $3,186,000 after buying an additional 475 shares during the last quarter.

AdvisorShares Q Dynamic Growth ETF Price Performance

NYSEARCA:QPX traded down $0.65 during mid-day trading on Tuesday, reaching $46.10. The company’s stock had a trading volume of 151 shares, compared to its average volume of 3,438. The company’s fifty day simple moving average is $48.19 and its two-hundred day simple moving average is $46.16. AdvisorShares Q Dynamic Growth ETF has a twelve month low of $38.85 and a twelve month high of $49.70. The stock has a market cap of $30.89 million, a P/E ratio of 26.24 and a beta of 1.07.

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.