AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 1,100 shares, an increase of 175.0% from the August 31st total of 400 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 0.4 days.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of QPX. Osaic Holdings Inc. boosted 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 buying an additional 11,435 shares during the last quarter. Legacy Wealth Managment LLC ID boosted its position in shares of AdvisorShares Q Dynamic Growth ETF by 45.8% during the second quarter. Legacy Wealth Managment LLC ID now owns 19,157 shares of the company’s stock valued at $742,000 after buying an additional 6,022 shares during the last quarter. Encompass More Asset Management boosted its position in shares of AdvisorShares Q Dynamic Growth ETF by 1.5% during the first quarter. Encompass More Asset Management now owns 165,107 shares of the company’s stock valued at $5,670,000 after buying an additional 2,422 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of AdvisorShares Q Dynamic Growth ETF by 2.4% during the first quarter. Envestnet Asset Management Inc. now owns 20,724 shares of the company’s stock valued at $712,000 after buying an additional 494 shares during the last quarter. Finally, Sentinus LLC boosted its position in shares of AdvisorShares Q Dynamic Growth ETF by 0.8% during the second quarter. Sentinus LLC now owns 33,214 shares of the company’s stock valued at $1,287,000 after buying an additional 268 shares during the last quarter.
AdvisorShares Q Dynamic Growth ETF Stock Performance
Shares of NYSEARCA:QPX opened at $43.10 on Friday. The firm has a market cap of $31.03 million, a P/E ratio of 26.24 and a beta of 1.14. AdvisorShares Q Dynamic Growth ETF has a 52-week low of $30.65 and a 52-week high of $43.16. The business’s 50 day simple moving average is $40.96 and its two-hundred day simple moving average is $37.88.
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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