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 large growth in short interest during the month of 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 daily trading volume, of 9,704 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On AdvisorShares Q Dynamic Growth ETF

Several hedge funds have recently added to or reduced their stakes in QPX. Foundations Investment Advisors LLC boosted its holdings in shares of 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 purchasing an additional 9,901 shares in the last quarter. Legacy Wealth Managment LLC ID raised its holdings in shares of 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 buying an additional 2,180 shares in the last quarter. Ameriflex Group Inc. raised its holdings in shares of AdvisorShares Q Dynamic Growth ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 2,122 shares of the company’s stock valued at $91,000 after buying an additional 1,061 shares in the last quarter. Encompass More Asset Management lifted its position in 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 worth $10,367,000 after buying an additional 81,445 shares during the last quarter. Finally, CWM LLC bought a new stake in AdvisorShares Q Dynamic Growth ETF in the 3rd quarter worth approximately $54,000.

AdvisorShares Q Dynamic Growth ETF Stock Down 0.6%

Shares of NYSEARCA QPX traded down $0.26 during mid-day trading on Friday, reaching $41.61. 1,734 shares of the company were exchanged, 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 capitalization of $31.62 million, a PE ratio of 26.24 and a beta of 1.07. The company’s 50 day moving average price is $44.71 and its 200 day moving average price is $44.13.

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.