AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 6,900 shares, an increase of 165.4% from the May 15th total of 2,600 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.1% of the shares of the stock are short sold.
Institutional Investors Weigh In On AdvisorShares Q Dynamic Growth ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in shares of AdvisorShares Q Dynamic Growth ETF by 2.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 20,724 shares of the company’s stock worth $712,000 after purchasing an additional 494 shares during the period. Ameriflex Group Inc. purchased a new position in shares of AdvisorShares Q Dynamic Growth ETF during the 4th quarter worth $45,000. Finally, Encompass More Asset Management lifted its stake in shares of AdvisorShares Q Dynamic Growth ETF by 1.5% during the 1st quarter. Encompass More Asset Management now owns 165,107 shares of the company’s stock worth $5,670,000 after purchasing an additional 2,422 shares during the period.
AdvisorShares Q Dynamic Growth ETF Stock Performance
QPX stock opened at $37.31 on Friday. AdvisorShares Q Dynamic Growth ETF has a 1 year low of $30.65 and a 1 year high of $37.74. The stock’s 50 day moving average price is $35.44 and its 200 day moving average price is $35.74. The firm has a market cap of $24.25 million, a P/E ratio of 26.24 and a beta of 1.06.
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.
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