AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Short Interest Down 30.8% in July

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 900 shares, a decrease of 30.8% from the June 30th total of 1,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On AdvisorShares Q Dynamic Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriflex Group Inc. acquired a new position in AdvisorShares Q Dynamic Growth ETF during the 4th quarter valued at about $45,000. Envestnet Asset Management Inc. boosted its holdings in shares of AdvisorShares Q Dynamic Growth ETF by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,230 shares of the company’s stock valued at $726,000 after acquiring an additional 663 shares in the last quarter. Finally, Encompass More Asset Management increased its stake 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 acquiring an additional 2,422 shares during the period.

AdvisorShares Q Dynamic Growth ETF Trading Down 0.3%

Shares of NYSEARCA QPX opened at $39.54 on Thursday. AdvisorShares Q Dynamic Growth ETF has a 12-month low of $30.65 and a 12-month high of $39.90. The company has a market cap of $25.50 million, a price-to-earnings ratio of 26.24 and a beta of 1.14. The stock’s 50 day simple moving average is $38.21 and its 200 day simple moving average is $36.26.

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.