AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Short Interest Update

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 989 shares, a decrease of 88.0% from the August 15th total of 8,242 shares. Based on an average daily trading volume, of 1,478 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are short sold.

AdvisorShares Q Dynamic Growth ETF Stock Performance

QPX traded up $0.77 during midday trading on Friday, reaching $48.62. 45,359 shares of the company were exchanged, compared to its average volume of 3,271. The stock has a market capitalization of $31.61 million, a P/E ratio of 26.24 and a beta of 1.08. AdvisorShares Q Dynamic Growth ETF has a one year low of $41.16 and a one year high of $49.85. The stock’s 50-day simple moving average is $48.37 and its 200 day simple moving average is $46.89.

Institutional Inflows and Outflows

A hedge fund recently raised its position in AdvisorShares Q Dynamic Growth ETF stock. Professional Financial Advisors LLC grew its position in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,220 shares of the company’s stock after purchasing an additional 475 shares during the period. AdvisorShares Q Dynamic Growth ETF comprises about 0.6% of Professional Financial Advisors LLC’s portfolio, making the stock its 28th largest position. Professional Financial Advisors LLC owned approximately 9.59% of AdvisorShares Q Dynamic Growth ETF worth $3,186,000 at the end of the most recent reporting period.

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.