AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) was the recipient of a large growth in short interest in 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 short sold. Based on an average daily volume of 2,270 shares, the days-to-cover ratio is currently 3.8 days.
AdvisorShares Q Dynamic Growth ETF Price Performance
NYSEARCA QPX traded up $0.15 on Monday, hitting $46.75. 561 shares of the company were exchanged, compared to its average volume of 3,462. AdvisorShares Q Dynamic Growth ETF has a twelve month low of $38.85 and a twelve month high of $49.70. The firm has a market capitalization of $31.32 million, a P/E ratio of 26.24 and a beta of 1.07. The company’s 50 day moving average price is $48.21 and its 200-day moving average price is $46.15.
Institutional Investors Weigh In On AdvisorShares Q Dynamic Growth ETF
A number of large investors have recently made changes to their positions in the company. Legacy Wealth Managment LLC ID raised its holdings in shares of AdvisorShares Q Dynamic Growth ETF by 13.5% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 18,336 shares of the company’s stock valued at $816,000 after acquiring an additional 2,180 shares during the period. Foundations Investment Advisors LLC grew its position in AdvisorShares Q Dynamic Growth ETF by 54.2% during 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. Finally, Professional Financial Advisors LLC grew its position in AdvisorShares Q Dynamic Growth ETF by 0.7% during the 2nd quarter. Professional Financial Advisors LLC now owns 65,220 shares of the company’s stock worth $3,186,000 after purchasing an additional 475 shares in the last quarter.
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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