AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 989 shares, a decline of 88.0% from the August 15th total of 8,242 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,478 shares, the short-interest ratio is currently 0.7 days.
AdvisorShares Q Dynamic Growth ETF Trading Down 1.0%
NYSEARCA QPX traded down $0.48 during trading hours on Thursday, reaching $47.86. The company had a trading volume of 816 shares, compared to its average volume of 3,028. The stock has a market capitalization of $31.11 million, a P/E ratio of 26.24 and a beta of 1.08. The stock has a 50-day moving average of $48.38 and a 200 day moving average of $46.88. AdvisorShares Q Dynamic Growth ETF has a 1-year low of $41.16 and a 1-year high of $49.85.
Institutional Trading of AdvisorShares Q Dynamic Growth ETF
A hedge fund recently raised its position in AdvisorShares Q Dynamic Growth ETF stock. Professional Financial Advisors LLC increased its stake in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,220 shares of the company’s stock after acquiring an additional 475 shares during the period. AdvisorShares Q Dynamic Growth ETF makes up about 0.6% of Professional Financial Advisors LLC’s holdings, making the stock its 28th largest holding. Professional Financial Advisors LLC owned about 9.59% of AdvisorShares Q Dynamic Growth ETF worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission.
About AdvisorShares Q Dynamic Growth ETF
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.
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