AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,619 shares, a growth of 239.9% from the June 30th total of 2,536 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 2,270 shares, the days-to-cover ratio is currently 3.8 days.
Institutional Investors Weigh In On AdvisorShares Q Dynamic Growth ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QPX. Legacy Wealth Managment LLC ID boosted its position in 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 buying an additional 2,180 shares during the period. Foundations Investment Advisors LLC grew its stake in AdvisorShares Q Dynamic Growth ETF by 54.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 28,163 shares of the company’s stock worth $1,254,000 after acquiring an additional 9,901 shares in the last quarter. Finally, Professional Financial Advisors LLC increased its position in shares of AdvisorShares Q Dynamic Growth ETF by 0.7% during the second quarter. Professional Financial Advisors LLC now owns 65,220 shares of the company’s stock worth $3,186,000 after acquiring an additional 475 shares during the period.
AdvisorShares Q Dynamic Growth ETF Price Performance
Shares of NYSEARCA:QPX traded down $0.16 on Friday, hitting $46.60. 342 shares of the company’s stock were exchanged, compared to its average volume of 3,483. AdvisorShares Q Dynamic Growth ETF has a 12 month low of $38.85 and a 12 month high of $49.70. The stock has a market capitalization of $30.29 million, a price-to-earnings ratio of 26.24 and a beta of 1.07. The business’s 50 day simple moving average is $48.21 and its two-hundred day simple moving average is $46.15.
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.
See Also
- Five stocks we like better than AdvisorShares Q Dynamic Growth ETF
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Receive News & Ratings for AdvisorShares Q Dynamic Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvisorShares Q Dynamic Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.
