AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Sees Significant Increase in Short Interest

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) saw a significant growth in short interest in 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 daily trading volume, of 2,270 shares, the days-to-cover ratio is presently 3.8 days.

AdvisorShares Q Dynamic Growth ETF Stock Performance

QPX stock traded down $0.16 during mid-day trading on Friday, reaching $46.60. 342 shares of the stock traded hands, compared to its average volume of 3,483. AdvisorShares Q Dynamic Growth ETF has a one year low of $38.85 and a one year high of $49.70. The stock has a market capitalization of $30.29 million, a PE ratio of 26.24 and a beta of 1.07. The business has a 50-day moving average price of $48.21 and a two-hundred day moving average price of $46.15.

Hedge Funds Weigh In On AdvisorShares Q Dynamic Growth ETF

Hedge funds have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC raised its position 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 purchasing an additional 9,901 shares during the period. Legacy Wealth Managment LLC ID raised its holdings in shares of AdvisorShares Q Dynamic Growth ETF by 13.5% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 18,336 shares of the company’s stock worth $816,000 after buying an additional 2,180 shares during the period. Finally, Professional Financial Advisors LLC raised its holdings in shares of AdvisorShares Q Dynamic Growth ETF by 0.7% in the second quarter. Professional Financial Advisors LLC now owns 65,220 shares of the company’s stock worth $3,186,000 after buying an additional 475 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.