AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Short Interest Up 33.6% in March

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 4,014 shares, a growth of 33.6% from the February 26th total of 3,005 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 9,704 shares, the days-to-cover ratio is presently 0.4 days.

AdvisorShares Q Dynamic Growth ETF Trading Down 0.6%

Shares of QPX traded down $0.26 during mid-day trading on Friday, reaching $41.61. The company’s stock had a trading volume of 1,734 shares, compared to its average volume of 4,228. AdvisorShares Q Dynamic Growth ETF has a 52 week low of $30.65 and a 52 week high of $46.65. The stock has a market cap of $31.62 million, a PE ratio of 26.24 and a beta of 1.07. The company’s fifty day moving average price is $44.71 and its two-hundred day moving average price is $44.13.

Institutional Trading of AdvisorShares Q Dynamic Growth ETF

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its stake in shares of 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 buying an additional 11,435 shares during the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of AdvisorShares Q Dynamic Growth ETF in the third quarter worth about $785,000. Encompass More Asset Management lifted its stake in shares of AdvisorShares Q Dynamic Growth ETF by 50.9% in the 3rd quarter. Encompass More Asset Management now owns 241,323 shares of the company’s stock valued at $10,367,000 after acquiring an additional 81,445 shares during the last quarter. Sentinus LLC lifted its stake 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 valued at $1,287,000 after acquiring an additional 268 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in AdvisorShares Q Dynamic Growth ETF by 13.5% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 18,336 shares of the company’s stock valued at $816,000 after acquiring an additional 2,180 shares during the period.

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.