AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,872 shares, an increase of 89.3% from the August 31st total of 989 shares. Based on an average trading volume of 6,195 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are sold short.
AdvisorShares Q Dynamic Growth ETF Stock Down 1.7%
Shares of NYSEARCA:QPX opened at $48.15 on Tuesday. AdvisorShares Q Dynamic Growth ETF has a 52 week low of $41.16 and a 52 week high of $49.85. The business has a fifty day simple moving average of $48.45 and a 200-day simple moving average of $47.18. The company has a market cap of $33.22 million, a P/E ratio of 26.24 and a beta of 1.08.
Hedge Funds Weigh In On AdvisorShares Q Dynamic Growth ETF
An institutional investor recently raised its position in AdvisorShares Q Dynamic Growth ETF stock. Professional Financial Advisors LLC raised its holdings in shares of AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Free Report) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,220 shares of the company’s stock after purchasing an additional 475 shares during the quarter. AdvisorShares Q Dynamic Growth ETF accounts for 0.6% of Professional Financial Advisors LLC’s portfolio, making the stock its 28th largest position. Professional Financial Advisors LLC owned 9.59% of AdvisorShares Q Dynamic Growth ETF worth $3,186,000 as of its most recent SEC filing.
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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