Short Interest in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Rises By 94.2%

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,128 shares, a growth of 94.2% from the January 15th total of 1,096 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 2,372 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 2,372 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On AdvisorShares Q Dynamic Growth ETF

A number of hedge funds have recently modified their holdings of the business. Legacy Wealth Managment LLC ID increased 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 worth $742,000 after purchasing an additional 6,022 shares during the last quarter. Sentinus LLC boosted its stake in AdvisorShares Q Dynamic Growth ETF by 0.8% during the second quarter. Sentinus LLC now owns 33,214 shares of the company’s stock worth $1,287,000 after buying an additional 268 shares during the period. Osaic Holdings Inc. increased its position 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 acquiring an additional 11,435 shares during the last quarter. CWM LLC acquired a new stake in shares of AdvisorShares Q Dynamic Growth ETF during the third quarter valued at about $54,000. Finally, Encompass More Asset Management raised 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 period.

AdvisorShares Q Dynamic Growth ETF Price Performance

Shares of QPX stock traded up $0.28 during trading on Friday, hitting $44.88. 5,049 shares of the stock traded hands, compared to its average volume of 3,108. The firm has a market capitalization of $34.11 million, a P/E 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. The firm’s fifty day moving average price is $45.25 and its 200-day moving average price is $43.30.

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.