AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) saw a large decrease in short interest during 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 volume of 1,478 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are short sold.
Institutional Trading of AdvisorShares Q Dynamic Growth ETF
An institutional investor recently raised its position in AdvisorShares Q Dynamic Growth ETF stock. Foundations Investment Advisors LLC raised its holdings in shares of AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Free Report) by 54.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,163 shares of the company’s stock after acquiring an additional 9,901 shares during the quarter. Foundations Investment Advisors LLC owned approximately 3.71% of AdvisorShares Q Dynamic Growth ETF worth $1,254,000 as of its most recent filing with the SEC.
AdvisorShares Q Dynamic Growth ETF Price Performance
Shares of QPX traded down $0.48 during midday trading on Thursday, reaching $47.86. The stock had a trading volume of 816 shares, compared to its average volume of 3,028. The company has a market cap of $31.11 million, a price-to-earnings ratio of 26.24 and a beta of 1.08. The company’s fifty day simple moving average is $48.38 and its two-hundred day simple moving average is $46.88. AdvisorShares Q Dynamic Growth ETF has a 1-year low of $41.16 and a 1-year high of $49.85.
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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