AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 989 shares, a decline of 88.0% from the August 15th total of 8,242 shares. Based on an average daily volume of 1,478 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are sold short.
AdvisorShares Q Dynamic Growth ETF Stock Performance
QPX stock traded up $0.60 during mid-day trading on Friday, reaching $48.46. The company had a trading volume of 45,870 shares, compared to its average volume of 3,274. The firm has a fifty day simple moving average of $48.38 and a 200 day simple moving average of $46.90. The company has a market capitalization of $31.50 million, a price-to-earnings ratio of 26.24 and a beta of 1.08. AdvisorShares Q Dynamic Growth ETF has a fifty-two week low of $41.16 and a fifty-two week high of $49.85.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AdvisorShares Q Dynamic Growth ETF stock. Professional Financial Advisors LLC boosted its position in shares of AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Free Report) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,220 shares of the company’s stock after acquiring an additional 475 shares during the period. AdvisorShares Q Dynamic Growth ETF comprises 0.6% of Professional Financial Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Professional Financial Advisors LLC owned about 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.
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