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Form NPORT-P AdvisorShares Trust For: Mar 31

May 20, 2022 1:30 PM EDT

  
    NPORT-P
    false
    
      
      
        
          0001408970
          XXXXXXXX
        
      
      
      
      
        S000062083
        C000201032
      
      
    
  
  
    
      AdvisorShares Trust
      811-22110
      0001408970
      549300K5KGUMX2I7WM68
      4800 Montgomery Lane
      Suite 150
      Bethesda
      
      20814
      877-843-3831
      AdvisorShares Dorsey Wright Micro-Cap ETF
      S000062083
      549300I7EU7PD9D9P071
      2022-06-30
      2022-03-31
      N
    
    
      10174179.48
      682507.42
      9491672.06
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      802.44000000
      
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            UST
          
        
      
      
        
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        First Internet Bancorp
        549300T25MP2M92XU194
        First Internet Bancorp
        320557101
        
          
          
        
        1050.00000000
        NS
        USD
        45160.50000000
        0.475790774423
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hudson Global Inc
        54930073WVI9H7ILKL69
        Hudson Global Inc
        443787205
        
          
          
        
        1150.00000000
        NS
        USD
        46770.50000000
        0.492753012370
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        New York City REIT Inc
        549300MG8D4X8UCGRM43
        New York City REIT Inc
        649439205
        
          
          
        
        3710.00000000
        NS
        USD
        48972.00000000
        0.515947029042
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Calumet Specialty Products Par
        529900QWK0FGLES9BA18
        Calumet Specialty Products Partners LP
        131476103
        
          
          
        
        7943.00000000
        NS
        USD
        108104.23000000
        1.138937684705
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Golden Entertainment Inc
        549300P8YYCKQVJ0Y638
        Golden Entertainment Inc
        381013101
        
          
          
        
        1820.00000000
        NS
        USD
        105687.40000000
        1.113475047725
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hanmi Financial Corp
        549300MSZ7RCG7EA6587
        Hanmi Financial Corp
        410495204
        
          
          
        
        2298.00000000
        NS
        USD
        56553.78000000
        0.595825262846
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Shyft Group Inc/The
        549300YY0TB51BGRV994
        Shyft Group Inc/The
        825698103
        
          
          
        
        1448.00000000
        NS
        USD
        52287.28000000
        0.550875332285
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cross Country Healthcare Inc
        54930037L0NBIPZ5S663
        Cross Country Healthcare Inc
        227483104
        
          
          
        
        2998.00000000
        NS
        USD
        64966.66000000
        0.684459593518
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cowen Inc
        5493008QI0EFC5WBED75
        Cowen Inc
        223622606
        
          
          
        
        1396.00000000
        NS
        USD
        37831.60000000
        0.398576770887
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bioceres Crop Solutions Corp
        549300SBSSIZUVSY4U27
        Bioceres Crop Solutions Corp
        000000000
        
          
          
        
        3343.00000000
        NS
        USD
        45531.66000000
        0.479701149725
        Long
        EC
        CORP
        AR
        N
        
        1
        
          N
          N
          
        
      
      
        PAM Transportation Services In
        N/A
        PAM Transportation Services Inc
        693149106
        
          
          
        
        2212.00000000
        NS
        USD
        76867.00000000
        0.809836238695
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ranger Oil Corp
        5493003S4AVU6OSXB118
        Ranger Oil Corp
        70788V102
        
          
          
        
        1593.00000000
        NS
        USD
        55006.29000000
        0.579521602224
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bluegreen Vacations Holding Co
        549300HWTUPNFVNT5B06
        Bluegreen Vacations Holding Corp
        096308101
        
          
          
        
        1939.00000000
        NS
        USD
        57336.23000000
        0.604068805133
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Coastal Financial Corp/WA
        549300XG5L36T6IU0B47
        Coastal Financial Corp/WA
        19046P209
        
          
          
        
        1615.00000000
        NS
        USD
        73886.25000000
        0.778432393501
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GAMCO Investors Inc
        51A2MDO9SJ2HTOSMLZ76
        GAMCO Investors Inc
        361438104
        
          
          
        
        1880.00000000
        NS
        USD
        41566.80000000
        0.437929162925
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        San Juan Basin Royalty Trust
        N/A
        San Juan Basin Royalty Trust
        798241105
        
          
          
        
        8937.00000000
        NS
        USD
        78377.49000000
        0.825750083910
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alta Equipment Group Inc
        N/A
        Alta Equipment Group Inc
        02128L106
        
          
          
        
        3217.00000000
        NS
        USD
        39762.12000000
        0.418915863808
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alpha Metallurgical Resources
        N/A
        Alpha Metallurgical Resources Inc
        020764106
        
          
          
        
        1960.00000000
        NS
        USD
        258641.60000000
        2.724931902040
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cato Corp/The
        529900R4SJUY7GCUU865
        Cato Corp/The
        149205106
        
          
          
        
        3005.00000000
        NS
        USD
        44053.30000000
        0.464125811780
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        USD Partners LP
        549300W8EFTTL1ACGP25
        USD Partners LP
        903318103
        
          
          
        
        6960.00000000
        NS
        USD
        41899.20000000
        0.441431180250
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Whitestone REIT
        N/A
        Whitestone REIT
        966084204
        
          
          
        
        3562.00000000
        NS
        USD
        47196.50000000
        0.497241157318
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RBC DOMINION SECURITIES INC.
        549300QJJX6CVVUXLE15
        RBC DOMINION SECURITIES INC
        000000000
        
          
        
        249000.00000000
        PA
        USD
        249000.00000000
        2.623352328504
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
            
              
            
          
          Y
          0.30000000
          2022-04-01
          
            
              342380.12641200
              USD
              116145.13652634
              USD
              AMBS
            
            
              186584.90746667
              USD
              137834.86611195
              USD
              UST
            
          
        
        
          
          N
          N
        
      
      
        SilverBow Resources Inc
        5493007QR70AVQSNF619
        SilverBow Resources Inc
        82836G102
        
          
          
        
        1980.00000000
        NS
        USD
        63360.00000000
        0.667532544313
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Movado Group Inc
        549300WCGCGPWGHVXM59
        Movado Group Inc
        624580106
        
          
          
        
        1458.00000000
        NS
        USD
        56934.90000000
        0.599840572241
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Townsquare Media Inc
        549300XBA8C68H0DR538
        Townsquare Media Inc
        892231101
        
          
          
        
        4140.00000000
        NS
        USD
        52950.60000000
        0.557863774320
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Republic First Bancorp Inc
        N/A
        Republic First Bancorp Inc
        760416107
        
          
          
        
        8500.00000000
        NS
        USD
        43860.00000000
        0.462089289671
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Civeo Corp
        254900H0BM0N0O4MSY43
        Civeo Corp
        17878Y207
        
          
          
        
        2113.00000000
        NS
        USD
        49877.37000000
        0.525485601321
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CVR Partners LP
        529900LE0OS06MYQRP11
        CVR Partners LP
        126633205
        
          
          
        
        998.00000000
        NS
        USD
        137694.06000000
        1.450682863141
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Information Services Group Inc
        549300ZUNI6DQ0G8Q273
        Information Services Group Inc
        45675Y104
        
          
          
        
        8581.00000000
        NS
        USD
        58436.61000000
        0.615661915314
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ONE Group Hospitality Inc/The
        549300QFZD4IE5DEBE98
        ONE Group Hospitality Inc/The
        88338K103
        
          
          
        
        5544.00000000
        NS
        USD
        58267.44000000
        0.613879616064
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Legacy Housing Corp
        N/A
        Legacy Housing Corp
        52472M101
        
          
          
        
        1887.00000000
        NS
        USD
        40495.02000000
        0.426637369517
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Everspin Technologies Inc
        549300MNDRV7X6PEDF15
        Everspin Technologies Inc
        30041T104
        
          
          
        
        4517.00000000
        NS
        USD
        39343.07000000
        0.414500940943
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        CTO Realty Growth Inc
        N/A
        CTO Realty Growth Inc
        22948Q101
        
          
          
        
        743.00000000
        NS
        USD
        49275.76000000
        0.519147308171
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Investors Title Co
        N/A
        Investors Title Co
        461804106
        
          
          
        
        242.00000000
        NS
        USD
        49176.82000000
        0.518104920704
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Permian Basin Royalty Trust
        N/A
        Permian Basin Royalty Trust
        714236106
        
          
          
        
        6602.00000000
        NS
        USD
        82591.02000000
        0.870141946307
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Insteel Industries Inc
        52990026LKY4MOX3L174
        Insteel Industries Inc
        45774W108
        
          
          
        
        1211.00000000
        NS
        USD
        44794.89000000
        0.471938871432
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tiptree Inc
        N/A
        Tiptree Inc
        88822Q103
        
          
          
        
        4669.00000000
        NS
        USD
        59996.65000000
        0.632097797108
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cumulus Media Inc
        N/A
        Cumulus Media Inc
        231082801
        
          
          
        
        3810.00000000
        NS
        USD
        37909.50000000
        0.399397490351
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Northeast Bank
        549300F0LV9TSW34E306
        Northeast Bank
        66405S100
        
          
          
        
        1450.00000000
        NS
        USD
        49459.50000000
        0.521083110408
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Full House Resorts Inc
        5493009DKIWW0H901Y82
        Full House Resorts Inc
        359678109
        
          
          
        
        8320.00000000
        NS
        USD
        79955.20000000
        0.842372128899
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sierra Oncology Inc
        549300NG7694ZK6OVC92
        Sierra Oncology Inc
        82640U404
        
          
          
        
        1500.00000000
        NS
        USD
        48075.00000000
        0.506496639328
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          
        
      
      
        Stagwell Inc
        549300KIYTU6J3NYJ009
        Stagwell Inc
        85256A109
        
          
          
        
        9217.00000000
        NS
        USD
        66731.08000000
        0.703048731331
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Natural Grocers by Vitamin Cot
        529900P4OTXDGBUS3O87
        Natural Grocers by Vitamin Cottage Inc
        63888U108
        
          
          
        
        2633.00000000
        NS
        USD
        51606.80000000
        0.543706100187
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TimkenSteel Corp
        549300QZTZWHDE9HJL14
        TimkenSteel Corp
        887399103
        
          
          
        
        4095.00000000
        NS
        USD
        89598.60000000
        0.943970666428
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Plymouth Industrial REIT Inc
        N/A
        Plymouth Industrial REIT Inc
        729640102
        
          
          
        
        1887.00000000
        NS
        USD
        51137.70000000
        0.538763872969
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Steel Partners Holdings LP
        5493009U8Z59G5SIZ389
        Steel Partners Holdings LP
        85814R107
        
          
          
        
        3438.00000000
        NS
        USD
        142883.28000000
        1.505354157800
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Falcon Minerals Corp
        549300OILIONON7XK623
        Falcon Minerals Corp
        30607B109
        
          
          
        
        6450.00000000
        NS
        USD
        43473.00000000
        0.458012031233
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Oxbridge Re Holdings Ltd
        N/A
        Oxbridge Re Holdings Ltd
        000000000
        
          
          
        
        7400.00000000
        NS
        USD
        40478.00000000
        0.426458054430
        Long
        EC
        CORP
        KY
        N
        
        1
        
          N
          N
          N
        
      
      
        MYR Group Inc
        529900G1IMMZHOQ17I54
        MYR Group Inc
        55405W104
        
          
          
        
        691.00000000
        NS
        USD
        64981.64000000
        0.684617416080
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Curo Group Holdings Corp
        54930007KH8KCGJ4YE72
        Curo Group Holdings Corp
        23131L107
        
          
          
        
        2965.00000000
        NS
        USD
        38693.25000000
        0.407654728855
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Thryv Holdings Inc
        N/A
        Thryv Holdings Inc
        886029206
        
          
          
        
        1911.00000000
        NS
        USD
        53737.32000000
        0.566152303411
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cutera Inc
        529900NPKPEWJWR21Z42
        Cutera Inc
        232109108
        
          
          
        
        940.00000000
        NS
        USD
        64860.00000000
        0.683335871593
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Sabine Royalty Trust
        N/A
        Sabine Royalty Trust
        785688102
        
          
          
        
        740.00000000
        NS
        USD
        42735.00000000
        0.450236794211
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Granite Point Mortgage Trust I
        529900VX2HQZ76AYIE02
        Granite Point Mortgage Trust Inc
        38741L107
        
          
          
        
        3314.00000000
        NS
        USD
        36851.68000000
        0.388252773242
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DHI Group Inc
        529900489RAC0CU0AO81
        DHI Group Inc
        23331S100
        
          
          
        
        10500.00000000
        NS
        USD
        62475.00000000
        0.658208581218
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Rattler Midstream LP
        549300I45NRVEEN9M219
        Rattler Midstream LP
        75419T103
        
          
          
        
        3300.00000000
        NS
        USD
        46101.00000000
        0.485699460628
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Beazer Homes USA Inc
        549300DUPYT2T0F60I45
        Beazer Homes USA Inc
        07556Q881
        
          
          
        
        2347.00000000
        NS
        USD
        35721.34000000
        0.376344017936
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Digi International Inc
        529900KG656HGROI4N27
        Digi International Inc
        253798102
        
          
          
        
        1985.00000000
        NS
        USD
        42717.20000000
        0.450049261394
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Shore Bancshares Inc
        N/A
        Shore Bancshares Inc
        825107105
        
          
          
        
        2198.00000000
        NS
        USD
        45015.04000000
        0.474258273099
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Select Energy Services Inc
        54930094OK8LA3QDW486
        Select Energy Services Inc
        81617J301
        
          
          
        
        4600.00000000
        NS
        USD
        39422.00000000
        0.415332512025
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        OceanPal Inc
        N/A
        OceanPal Inc
        000000000
        
          
          
        
        1089.00000000
        NS
        USD
        816.75000000
        0.008604911704
        Long
        EC
        CORP
        GR
        N
        
        1
        
          N
          N
          N
        
      
      
        Caleres Inc
        JFU6RQQJ8Z1CPOLBXQ18
        Caleres Inc
        129500104
        
          
          
        
        2043.00000000
        NS
        USD
        39491.19000000
        0.416061466834
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Daseke Inc
        549300CUSFIOX5Q3VA53
        Daseke Inc
        23753F107
        
          
          
        
        5137.00000000
        NS
        USD
        51729.59000000
        0.544999760558
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Camtek Ltd/Israel
        N/A
        Camtek Ltd/Israel
        000000000
        
          
          
        
        3002.00000000
        NS
        USD
        91440.92000000
        0.963380523705
        Long
        EC
        CORP
        IL
        N
        
        1
        
          N
          N
          N
        
      
      
        Byline Bancorp Inc
        549300W7ODP4YL2H4823
        Byline Bancorp Inc
        124411109
        
          
          
        
        2009.00000000
        NS
        USD
        53600.12000000
        0.564706825743
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        J Jill Inc
        529900I19PJIF8MIDL12
        J Jill Inc
        46620W201
        
          
          
        
        2228.00000000
        NS
        USD
        33798.76000000
        0.356088577295
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SMART Global Holdings Inc
        529900RDGHQY8XKXPN14
        SMART Global Holdings Inc
        000000000
        
          
          
        
        1563.00000000
        NS
        USD
        40372.29000000
        0.425344341279
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        iRadimed Corp
        549300YVHWP0YJ1YW816
        iRadimed Corp
        46266A109
        
          
          
        
        1023.00000000
        NS
        USD
        45871.32000000
        0.483279655154
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Covenant Logistics Group Inc
        N/A
        Covenant Logistics Group Inc
        22284P105
        
          
          
        
        1666.00000000
        NS
        USD
        35868.98000000
        0.377899486763
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Century Casinos Inc
        549300H2L4Y24HXY7M50
        Century Casinos Inc
        156492100
        
          
          
        
        4095.00000000
        NS
        USD
        48935.25000000
        0.515559847523
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sterling Construction Co Inc
        549300RZIK6K1215XU51
        Sterling Construction Co Inc
        859241101
        
          
          
        
        1803.00000000
        NS
        USD
        48320.40000000
        0.509082063671
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        B Riley Financial Inc
        N/A
        B Riley Financial Inc
        05580M108
        
          
          
        
        975.00000000
        NS
        USD
        68211.00000000
        0.718640504737
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Amplify Energy Corp
        J0TW5YQRAZXYN7VEU787
        Amplify Energy Corp
        03212B103
        
          
          
        
        9397.00000000
        NS
        USD
        51683.50000000
        0.544514176988
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Global Partners LP/MA
        549300PCHWTW9P4DU444
        Global Partners LP/MA
        37946R109
        
          
          
        
        1801.00000000
        NS
        USD
        49113.27000000
        0.517435386405
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Good Times Restaurants Inc
        N/A
        Good Times Restaurants Inc
        382140879
        
          
          
        
        9992.00000000
        NS
        USD
        34972.00000000
        0.368449307760
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TravelCenters of America Inc
        529900FQY3V2OO9M4Z65
        TravelCenters of America Inc
        89421B109
        
          
          
        
        1100.00000000
        NS
        USD
        47256.00000000
        0.497868022633
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VAALCO Energy Inc
        549300CFHFVIWB8M6T24
        VAALCO Energy Inc
        91851C201
        
          
          
        
        11506.00000000
        NS
        USD
        75134.18000000
        0.791580024310
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pzena Investment Management In
        77FR8E97WY61TIP8ID10
        Pzena Investment Management Inc
        74731Q103
        
          
          
        
        4270.00000000
        NS
        USD
        34245.40000000
        0.360794176026
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Metrocity Bankshares Inc
        549300TC6QB7YG0P6F52
        Metrocity Bankshares Inc
        59165J105
        
          
          
        
        1621.00000000
        NS
        USD
        38061.08000000
        0.400994469250
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DLH Holdings Corp
        549300KRYPLQFKWVTE62
        DLH Holdings Corp
        23335Q100
        
          
          
        
        2552.00000000
        NS
        USD
        48334.88000000
        0.509234618457
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Adicet Bio Inc
        549300VRD2QO80WBOP18
        Adicet Bio Inc
        007002108
        
          
          
        
        3495.00000000
        NS
        USD
        69795.15000000
        0.735330398677
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Regional Management Corp
        549300S5O87W87JW4146
        Regional Management Corp
        75902K106
        
          
          
        
        1358.00000000
        NS
        USD
        65958.06000000
        0.694904539295
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Foundation Inc
        254900TQZQ6LBCK77E82
        First Foundation Inc
        32026V104
        
          
          
        
        1830.00000000
        NS
        USD
        44450.70000000
        0.468312639954
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Liquidia Corp
        N/A
        Liquidia Corp
        53635D202
        
          
          
        
        7964.00000000
        NS
        USD
        57181.52000000
        0.602438849957
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Haynes International Inc
        549300I9MS5UZLRFDO40
        Haynes International Inc
        420877201
        
          
          
        
        1160.00000000
        NS
        USD
        49416.00000000
        0.520624813917
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Gladstone Land Corp
        54930002B3Q17H38FG74
        Gladstone Land Corp
        376549101
        
          
          
        
        2061.00000000
        NS
        USD
        75061.62000000
        0.790815564691
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SunCoke Energy Inc
        1KF1J2NXQE2PI0QOB943
        SunCoke Energy Inc
        86722A103
        
          
          
        
        5378.00000000
        NS
        USD
        47917.98000000
        0.504842347029
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        IES Holdings Inc
        549300687T8E6LN6EN72
        IES Holdings Inc
        44951W106
        
          
          
        
        1086.00000000
        NS
        USD
        43657.20000000
        0.459952679823
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Textainer Group Holdings Ltd
        529900OHEYRATAFMIT89
        Textainer Group Holdings Ltd
        000000000
        
          
          
        
        2035.00000000
        NS
        USD
        77472.45000000
        0.816214988363
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        REX American Resources Corp
        N/A
        REX American Resources Corp
        761624105
        
          
          
        
        370.00000000
        NS
        USD
        36852.00000000
        0.388256144618
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SandRidge Energy Inc
        W1MKPVGS6I5155L7VV67
        SandRidge Energy Inc
        80007P869
        
          
          
        
        8482.00000000
        NS
        USD
        135881.64000000
        1.431588018855
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Value Line Inc
        N/A
        Value Line Inc
        920437100
        
          
          
        
        897.00000000
        NS
        USD
        60099.00000000
        0.633176110806
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Concrete Pumping Holdings Inc
        N/A
        Concrete Pumping Holdings Inc
        206704108
        
          
          
        
        6085.00000000
        NS
        USD
        40769.50000000
        0.429529167698
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kezar Life Sciences Inc
        549300EV1V8GXBV18004
        Kezar Life Sciences Inc
        49372L100
        
          
          
        
        3601.00000000
        NS
        USD
        59848.62000000
        0.630538219416
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Viridian Therapeutics Inc
        549300C775BNYF550E70
        Viridian Therapeutics Inc
        92790C104
        
          
          
        
        2511.00000000
        NS
        USD
        46428.39000000
        0.489148694840
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RCI Hospitality Holdings Inc
        529900COXP1MLE1UKG69
        RCI Hospitality Holdings Inc
        74934Q108
        
          
          
        
        1261.00000000
        NS
        USD
        77501.06000000
        0.816516410492
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HomeTrust Bancshares Inc
        N/A
        HomeTrust Bancshares Inc
        437872104
        
          
          
        
        1438.00000000
        NS
        USD
        42464.14000000
        0.447383134726
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Biglari Holdings Inc
        549300GLWWSODF8TM682
        Biglari Holdings Inc
        08986R309
        
          
          
        
        294.00000000
        NS
        USD
        42515.34000000
        0.447922554964
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Bank/Hamilton NJ
        549300YS4CB1171BRJ08
        First Bank/Hamilton NJ
        31931U102
        
          
          
        
        3498.00000000
        NS
        USD
        49741.56000000
        0.524054768070
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Singularity Future Technology Ltd
        529900WGYD5BTM777Z32
        Singularity Future Technology Ltd
        82935V208
        
          
          
        
        5911.00000000
        NS
        USD
        82872.22000000
        0.873104543394
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        INVESCO GOVT AGENCY INSTL
        N/A
        INVESCO GOVT AGENCY INSTL
        000000000
        
          
        
        29664.11000000
        NS
        USD
        29664.11000000
        0.312527759202
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tricida Inc
        549300QVPFFJC8SZXG25
        Tricida Inc
        89610F101
        
          
          
        
        3650.00000000
        NS
        USD
        30003.00000000
        0.316098152257
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hingham Institution For Saving
        2549009GDCGUR2T6KU55
        Hingham Institution For Savings The
        433323102
        
          
          
        
        117.00000000
        NS
        USD
        40154.40000000
        0.423048749958
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        EZCORP Inc
        5493003K6PG3ZQ7TUQ63
        EZCORP Inc
        302301106
        
          
          
        
        6460.00000000
        NS
        USD
        39018.40000000
        0.411080363431
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Richardson Electronics Ltd/Uni
        N/A
        Richardson Electronics Ltd/United States
        763165107
        
          
          
        
        4642.00000000
        NS
        USD
        57746.48000000
        0.608391015144
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BOFA SECURITIES, INC.
        549300HN4UKV1E2R3U73
        BOFA SECURITIES INC
        000000000
        
          
        
        249000.00000000
        PA
        USD
        249000.00000000
        2.623352328504
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
            
              
            
          
          Y
          0.30000000
          2022-04-01
          
            
              352207.71260461
              USD
              253980.00001532
              USD
              AMBS
            
          
        
        
          
          N
          N
        
      
      
        Heritage-Crystal Clean Inc
        N/A
        Heritage-Crystal Clean Inc
        42726M106
        
          
          
        
        1489.00000000
        NS
        USD
        44089.29000000
        0.464504986279
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sensus Healthcare Inc
        549300F3JF8NCDJJZW04
        Sensus Healthcare Inc
        81728J109
        
          
          
        
        5318.00000000
        NS
        USD
        53818.16000000
        0.567003997396
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Capital Product Partners LP
        254900YICSDPQCJS9616
        Capital Product Partners LP
        000000000
        
          
          
        
        3702.00000000
        NS
        USD
        67487.46000000
        0.711017611790
        Long
        EC
        CORP
        GR
        N
        
        1
        
          N
          N
          N
        
      
      
        Greenhill & Co Inc
        529900VEOQHHHSPI9C69
        Greenhill & Co Inc
        395259104
        
          
          
        
        2591.00000000
        NS
        USD
        40082.77000000
        0.422294088403
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Capstar Financial Holdings Inc
        N/A
        Capstar Financial Holdings Inc
        14070T102
        
          
          
        
        2435.00000000
        NS
        USD
        51329.80000000
        0.540787752416
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Franklin Covey Co
        N/A
        Franklin Covey Co
        353469109
        
          
          
        
        1179.00000000
        NS
        USD
        53314.38000000
        0.561696397252
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Titan Machinery Inc
        549300835ZM8G0BT5C94
        Titan Machinery Inc
        88830R101
        
          
          
        
        1716.00000000
        NS
        USD
        48494.16000000
        0.510912721103
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hudson Technologies Inc
        N/A
        Hudson Technologies Inc
        444144109
        
          
          
        
        12001.00000000
        NS
        USD
        74526.21000000
        0.785174725052
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Oppenheimer Holdings Inc
        N/A
        Oppenheimer Holdings Inc
        683797104
        
          
          
        
        995.00000000
        NS
        USD
        43362.10000000
        0.456843638569
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Metropolitan Bank Holding Corp
        N/A
        Metropolitan Bank Holding Corp
        591774104
        
          
          
        
        768.00000000
        NS
        USD
        78159.36000000
        0.823451964057
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Newpark Resources Inc
        54930073OHWDQW4DJN26
        Newpark Resources Inc
        651718504
        
          
          
        
        10942.00000000
        NS
        USD
        40047.72000000
        0.421924817322
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        City Office REIT Inc
        5493003J7157VP25NL57
        City Office REIT Inc
        178587101
        
          
          
        
        2700.00000000
        NS
        USD
        47682.00000000
        0.502356167581
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        USA Truck Inc
        5493003Y5UNRIAHESQ33
        USA Truck Inc
        902925106
        
          
          
        
        2638.00000000
        NS
        USD
        54342.80000000
        0.572531369146
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vista Outdoor Inc
        549300QI2D33ESTJLN81
        Vista Outdoor Inc
        928377100
        
          
          
        
        2444.00000000
        NS
        USD
        87226.36000000
        0.918977809690
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tile Shop Holdings Inc
        549300Q3SS4FSW01UE50
        Tile Shop Holdings Inc
        88677Q109
        
          
          
        
        6067.00000000
        NS
        USD
        39738.85000000
        0.418670701524
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HireQuest Inc
        N/A
        HireQuest Inc
        433535101
        
          
          
        
        2343.00000000
        NS
        USD
        44798.16000000
        0.471973322685
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Berry Corp
        N/A
        Berry Corp
        08579X101
        
          
          
        
        5421.00000000
        NS
        USD
        55944.72000000
        0.589408479837
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MBIA Inc
        54F1KGFE2KNP3VAL3P42
        MBIA Inc
        55262C100
        
          
          
        
        3847.00000000
        NS
        USD
        59205.33000000
        0.623760804479
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Mercantile Bank Corp
        P16VZZCKTJ5IONL6XE37
        Mercantile Bank Corp
        587376104
        
          
          
        
        1236.00000000
        NS
        USD
        43779.12000000
        0.461237174264
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CITIGROUP GLOBAL MARKETS INC.
        MBNUM2BPBDO7JBLYG310
        CITIGROUP GLOBAL MARKETS INC
        000000000
        
          
        
        157559.00000000
        PA
        USD
        157559.00000000
        1.659970961955
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
            
              
            
          
          Y
          0.31000000
          2022-04-01
          
            
              512435.61220414
              USD
              160710.18011776
              USD
              AMBS
            
          
        
        
          
          N
          N
        
      
      
        BRT Apartments Corp
        N/A
        BRT Apartments Corp
        055645303
        
          
          
        
        2170.00000000
        NS
        USD
        52014.90000000
        0.548005658762
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Peapack-Gladstone Financial Co
        549300G8DN2UK8K0ET30
        Peapack-Gladstone Financial Corp
        704699107
        
          
          
        
        1150.00000000
        NS
        USD
        39962.50000000
        0.421026977621
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pioneer Power Solutions Inc
        N/A
        Pioneer Power Solutions Inc
        723836300
        
          
          
        
        7551.00000000
        NS
        USD
        42738.66000000
        0.450275354329
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Farmland Partners Inc
        549300LB188CHPZ4IL37
        Farmland Partners Inc
        31154R109
        
          
          
        
        3690.00000000
        NS
        USD
        50737.50000000
        0.534547545250
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MVB Financial Corp
        549300KSUQ2FUU1X2O74
        MVB Financial Corp
        553810102
        
          
          
        
        1355.00000000
        NS
        USD
        56232.50000000
        0.592440400853
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Atento SA
        N/A
        Atento SA
        000000000
        
          
          
        
        2121.00000000
        NS
        USD
        58645.65000000
        0.617864267004
        Long
        EC
        CORP
        BR
        N
        
        1
        
          N
          N
          
        
      
      
        Conn's Inc
        529900K9HOACKOJJT953
        Conn's Inc
        208242107
        
          
          
        
        1880.00000000
        NS
        USD
        28970.80000000
        0.305223355978
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Carriage Services Inc
        N/A
        Carriage Services Inc
        143905107
        
          
          
        
        1030.00000000
        NS
        USD
        54929.90000000
        0.578716791443
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RCM Technologies Inc
        N/A
        RCM Technologies Inc
        749360400
        
          
          
        
        5883.00000000
        NS
        USD
        58006.38000000
        0.611129204984
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Build-A-Bear Workshop Inc
        529900S9MWZC1UBF3D13
        Build-A-Bear Workshop Inc
        120076104
        
          
          
        
        2979.00000000
        NS
        USD
        54456.12000000
        0.573725257844
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ethan Allen Interiors Inc
        N/A
        Ethan Allen Interiors Inc
        297602104
        
          
          
        
        1605.00000000
        NS
        USD
        41842.35000000
        0.440832234146
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Donnelley Financial Solutions
        549300O1NPY4J56QCU04
        Donnelley Financial Solutions Inc
        25787G100
        
          
          
        
        2227.00000000
        NS
        USD
        74070.02000000
        0.780368511804
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PCB Bancorp
        549300E5CI0LZ8Q25890
        PCB Bancorp
        69320M109
        
          
          
        
        2440.00000000
        NS
        USD
        55998.00000000
        0.589969814022
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Entravision Communications Cor
        549300SKHY2ALCLKV539
        Entravision Communications Corp
        29382R107
        
          
          
        
        11346.00000000
        NS
        USD
        72727.86000000
        0.766228115976
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kimbell Royalty Partners LP
        5493007FC11POVYRB841
        Kimbell Royalty Partners LP
        49435R102
        
          
          
        
        3395.00000000
        NS
        USD
        55202.70000000
        0.581590889898
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Provident Bancorp Inc
        N/A
        Provident Bancorp Inc
        74383L105
        
          
          
        
        2950.00000000
        NS
        USD
        47849.00000000
        0.504115604685
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Freedom Holding Corp/NV
        254900RKI81EPUJ3RW71
        Freedom Holding Corp/NV
        356390104
        
          
          
        
        1398.00000000
        NS
        USD
        83320.80000000
        0.877830581095
        Long
        EC
        CORP
        KZ
        N
        
        1
        
          N
          N
          
        
      
      
        Quad/Graphics Inc
        W2D68G5NJH4X0NW8PT65
        Quad/Graphics Inc
        747301109
        
          
          
        
        6700.00000000
        NS
        USD
        46498.00000000
        0.489882074581
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VSE Corp
        549300QWJYQDH4U5XI15
        VSE Corp
        918284100
        
          
          
        
        867.00000000
        NS
        USD
        39960.03000000
        0.421000954809
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        South Plains Financial Inc
        549300SNEBP48642N493
        South Plains Financial Inc
        83946P107
        
          
          
        
        1260.00000000
        NS
        USD
        33490.80000000
        0.352844048849
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ryerson Holding Corp
        549300JMA41B3ZHOVE45
        Ryerson Holding Corp
        783754104
        
          
          
        
        2615.00000000
        NS
        USD
        91577.30000000
        0.964817362221
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Transcat Inc
        54930081E40TSSHUOS40
        Transcat Inc
        893529107
        
          
          
        
        951.00000000
        NS
        USD
        77164.14000000
        0.812966772474
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kimball Electronics Inc
        549300COBYN2GZCBIU87
        Kimball Electronics Inc
        49428J109
        
          
          
        
        2043.00000000
        NS
        USD
        40839.57000000
        0.430267393793
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Grindrod Shipping Holdings Ltd
        5493001NNO676ANGTK65
        Grindrod Shipping Holdings Ltd
        000000000
        
          
          
        
        3238.00000000
        NS
        USD
        82374.72000000
        0.867863106513
        Long
        EC
        CORP
        SG
        N
        
        1
        
          N
          N
          N
        
      
      
        Genesco Inc
        549300VY2Q511P1K5P56
        Genesco Inc
        371532102
        
          
          
        
        991.00000000
        NS
        USD
        63037.51000000
        0.664134934303
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Gannett Co Inc
        549300JQ2PU0RI3ZBA32
        Gannett Co Inc
        36472T109
        
          
          
        
        8377.00000000
        NS
        USD
        37780.27000000
        0.398035981028
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Veritiv Corp
        529900VQARHWQROHAS58
        Veritiv Corp
        923454102
        
          
          
        
        1056.00000000
        NS
        USD
        141071.04000000
        1.486261209913
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Natural Resource Partners LP
        529900EECJ7CSX1S1S58
        Natural Resource Partners LP
        63900P608
        
          
          
        
        1519.00000000
        NS
        USD
        64922.06000000
        0.683989707920
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Business First Bancshares Inc
        549300ILTC50KHDX4A08
        Business First Bancshares Inc
        12326C105
        
          
          
        
        1703.00000000
        NS
        USD
        41433.99000000
        0.436529936328
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Carter Bankshares Inc
        N/A
        Carter Bankshares Inc
        146103106
        
          
          
        
        2774.00000000
        NS
        USD
        48184.38000000
        0.507649017953
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Danaos Corp
        734IM3DNDNT36T7YTD24
        Danaos Corp
        000000000
        
          
          
        
        1820.00000000
        NS
        USD
        186695.60000000
        1.966941112375
        Long
        EC
        CORP
        GR
        N
        
        1
        
          N
          N
          N
        
      
      
        Velocity Financial Inc
        N/A
        Velocity Financial Inc
        92262D101
        
          
          
        
        3829.00000000
        NS
        USD
        41889.26000000
        0.441326456868
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CRA International Inc
        N/A
        CRA International Inc
        12618T105
        
          
          
        
        560.00000000
        NS
        USD
        47185.60000000
        0.497126319806
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Tidewater Inc
        2549000JA5GRUPLMUH98
        Tidewater Inc
        88642R109
        
          
          
        
        1950.00000000
        NS
        USD
        42393.00000000
        0.446633635591
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Focus Universal Inc
        N/A
        Focus Universal Inc
        34417J104
        
          
          
        
        3940.00000000
        NS
        USD
        52796.00000000
        0.556234978055
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Esquire Financial Holdings Inc
        N/A
        Esquire Financial Holdings Inc
        29667J101
        
          
          
        
        1507.00000000
        NS
        USD
        50650.27000000
        0.533628529091
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hawkins Inc
        549300VL3IJ23OWX1Y34
        Hawkins Inc
        420261109
        
          
          
        
        920.00000000
        NS
        USD
        42228.00000000
        0.444895269590
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AnaptysBio Inc
        529900HH4WQT03IG1A12
        AnaptysBio Inc
        032724106
        
          
          
        
        1366.00000000
        NS
        USD
        33794.84000000
        0.356047277933
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Green Plains Partners LP
        549300RTI0PBG5HI4Z38
        Green Plains Partners LP
        393221106
        
          
          
        
        3336.00000000
        NS
        USD
        47237.76000000
        0.497675854174
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Inspired Entertainment Inc
        549300ZUGYK6NBIU6D69
        Inspired Entertainment Inc
        45782N108
        
          
          
        
        4019.00000000
        NS
        USD
        49433.70000000
        0.520811293179
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AdvanSix Inc
        5493009TPRODMCAZLF67
        AdvanSix Inc
        00773T101
        
          
          
        
        1597.00000000
        NS
        USD
        81590.73000000
        0.859603339477
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Five Star Bancorp
        5493008ZRBIHKWC0JA73
        Five Star Bancorp
        33830T103
        
          
          
        
        1491.00000000
        NS
        USD
        42195.30000000
        0.444550757055
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        A-Mark Precious Metals Inc
        XP6XYFDZQGKLUMOFGT37
        A-Mark Precious Metals Inc
        00181T107
        
          
          
        
        636.00000000
        NS
        USD
        49188.24000000
        0.518225236702
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Midland States Bancorp Inc
        5493006RHXW9TTBWYC94
        Midland States Bancorp Inc
        597742105
        
          
          
        
        1558.00000000
        NS
        USD
        44963.88000000
        0.473719274283
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-05-20
      AdvisorShares Trust
      Dan Ahrens
      Dan Ahrens
      Secretary and Treasurer
    
  
  XXXX



 

ADVISORSHARES DORSEY WRIGHT MICRO-CAP ETF

Schedule of Investments

March 31, 2022 (Unaudited)

 

Investments  Shares   Value 
COMMON STOCKS – 99.8%          
           
Advertising – 1.5%          
Entravision Communications Corp., Class A   11,346   $72,728 
Stagwell, Inc.*   9,217    66,731 
Total Advertising        139,459 
           
Auto Parts & Equipment – 0.6%          
Shyft Group, Inc. (The)   1,448    52,287 
           
Banks – 12.0%          
Business First Bancshares, Inc.   1,703    41,434 
Byline Bancorp, Inc.   2,009    53,600 
Capstar Financial Holdings, Inc.   2,435    51,330 
Carter Bankshares, Inc.*   2,774    48,184 
Coastal Financial Corp.*   1,615    73,886 
Esquire Financial Holdings, Inc.*   1,507    50,650 
First Bank   3,498    49,742 
First Foundation, Inc.   1,830    44,451 
First Internet Bancorp   1,050    45,160 
Five Star Bancorp   1,491    42,195 
Hanmi Financial Corp.   2,298    56,554 
Mercantile Bank Corp.   1,236    43,779 
Metrocity Bankshares, Inc.   1,621    38,061 
Metropolitan Bank Holding Corp.*   768    78,159 
Midland States Bancorp, Inc.   1,558    44,964 
MVB Financial Corp.   1,355    56,232 
Northeast Bank   1,450    49,460 
PCB Bancorp   2,440    55,998 
Peapack-Gladstone Financial Corp.   1,150    39,963 
Provident Bancorp, Inc.   2,950    47,849 
Republic First Bancorp, Inc.*   8,500    43,860 
Shore Bancshares, Inc.   2,198    45,015 
South Plains Financial, Inc.   1,260    33,491 
Total Banks        1,134,017 
           
Biotechnology – 3.8%          
Adicet Bio, Inc.*   3,495    69,795 
AnaptysBio, Inc.*   1,366    33,795 
Bioceres Crop Solutions Corp. (Argentina)*(a)   3,343    45,532 
Kezar Life Sciences, Inc.*   3,601    59,849 
Liquidia Corp.*(a)   7,964    57,181 
Sierra Oncology, Inc. (Canada)*(a)   1,500    48,075 
Viridian Therapeutics, Inc.*   2,511    46,428 
Total Biotechnology        360,655 
           
Chemicals – 2.8%          
AdvanSix, Inc.   1,597    81,591 
CVR Partners LP   998    137,694 
Hawkins, Inc.   920    42,228 
Total Chemicals        261,513 
           
Coal – 3.9%          
Alpha Metallurgical Resources, Inc.*   1,960    258,642 
Natural Resource Partners LP(a)   1,519    64,922 
SunCoke Energy, Inc.   5,378    47,918 
Total Coal        371,482 
           
Commercial Services – 8.7%          
Alta Equipment Group, Inc.*   3,217    39,762 
Atento SA (Brazil)*(a)   2,121    58,646 
Carriage Services, Inc.   1,030    54,930 
Civeo Corp.*   2,113    49,877 
CRA International, Inc.   560    47,186 
Cross Country Healthcare, Inc.*   2,998    64,967 
DLH Holdings Corp.*   2,552    48,335 
Franklin Covey Co.*   1,179   53,314 
HireQuest, Inc.(a)   2,343    44,798 
Hudson Global, Inc.*   1,150    46,771 
Information Services Group, Inc.   8,581    58,437 
Quad/Graphics, Inc.*   6,700    46,498 
RCM Technologies, Inc.*   5,883    58,006 
Textainer Group Holdings Ltd. (China)   2,035    77,472 
Transcat, Inc.*   951    77,164 
Total Commercial Services        826,163 
           
Computers – 0.4%          
Everspin Technologies, Inc.*(a)   4,517    39,343 
           
Distribution/Wholesale – 3.7%          
A-Mark Precious Metals, Inc.   636    49,189 
Hudson Technologies, Inc.*   12,001    74,526 
Titan Machinery, Inc.*   1,716    48,494 
Veritiv Corp.*   1,056    141,071 
VSE Corp.   867    39,960 
Total Distribution/Wholesale        353,240 
           
Diversified Financial Services – 5.6%          
B. Riley Financial, Inc.   975    68,211 
Cowen, Inc., Class A   1,396    37,832 
Curo Group Holdings Corp.   2,965    38,693 
EZCORP, Inc., Class A*   6,460    39,018 
Freedom Holding Corp. NV (Kazakhstan)*(a)   1,398    83,321 
GAMCO Investors, Inc., Class A   1,880    41,567 
Greenhill & Co., Inc.   2,591    40,083 
Oppenheimer Holdings, Inc., Class A   995    43,362 
Pzena Investment Management, Inc., Class A   4,270    34,245 
Regional Management Corp.   1,358    65,958 
Velocity Financial, Inc.*   3,829    41,889 
Total Diversified Financial Services        534,179 
           
Electrical Components & Equipment – 0.9%          
Insteel Industries, Inc.   1,211    44,795 
Pioneer Power Solutions, Inc.   7,551    42,739 
Total Electrical Components & Equipment        87,534 
           
Electronics – 1.4%          
Camtek Ltd. (Israel)*   3,002    91,441 
Kimball Electronics, Inc.*   2,043    40,839 
Total Electronics        132,280 
           
Energy - Alternate Sources – 0.4%          
REX American Resources Corp.*   370    36,852 
           
Engineering & Construction – 2.1%          
Concrete Pumping Holdings, Inc.*   6,085    40,769 
IES Holdings, Inc.*   1,086    43,657 
MYR Group, Inc.*   691    64,982 
Sterling Construction Co., Inc.*   1,803    48,321 
Total Engineering & Construction        197,729 
           
Entertainment – 1.9%          
Golden Entertainment, Inc.*   1,820    105,687 
RCI Hospitality Holdings, Inc.   1,261    77,501 
Total Entertainment        183,188 
           
Environmental Control – 0.5%          
Heritage-Crystal Clean, Inc.*   1,489    44,089 
           
Food – 0.5%          
Natural Grocers by Vitamin Cottage, Inc.   2,633    51,607 

 

 

 

 

ADVISORSHARES DORSEY WRIGHT MICRO-CAP ETF

Schedule of Investments (continued)

March 31, 2022 (Unaudited)

 

Investments  Shares   Value 
COMMON STOCKS (continued)          
           
Gas – 0.5%          
Global Partners LP(a)   1,801   $49,113 
           
Healthcare - Products – 1.7%          
Cutera, Inc.*(a)   940    64,860 
iRadimed Corp.   1,023    45,871 
Sensus Healthcare, Inc.*   5,318    53,818 
Total Healthcare - Products        164,549 
           
Home Builders – 0.4%          
Beazer Homes USA, Inc.*   2,347    35,721 
           
Home Furnishings – 0.4%          
Ethan Allen Interiors, Inc.   1,605    41,842 
           
Insurance – 2.2%          
Investors Title Co.   242    49,177 
MBIA, Inc.*   3,847    59,205 
Oxbridge Re Holdings Ltd. (Cayman Islands)*   7,400    40,478 
Tiptree, Inc.   4,669    59,997 
Total Insurance        208,857 
           
Internet – 1.2%          
DHI Group, Inc.*   10,500    62,475 
Focus Universal, Inc.*   3,940    52,796 
Total Internet        115,271 
           
Leisure Time – 0.9%          
Vista Outdoor, Inc.*   2,444    87,226 
           
Lodging – 2.0%          
Bluegreen Vacations Holding Corp.*   1,939    57,336 
Century Casinos, Inc.*   4,095    48,936 
Full House Resorts, Inc.*   8,320    79,955 
Total Lodging        186,227 
           
Media – 2.6%          
Cumulus Media, Inc., Class A*   3,810    37,910 
Gannett Co., Inc.*   8,377    37,780 
Thryv Holdings, Inc.*   1,911    53,737 
Townsquare Media, Inc., Class A*   4,140    52,951 
Value Line, Inc.   897    60,099 
Total Media        242,477 
           
Metal Fabricate/Hardware – 3.4%          
Ryerson Holding Corp.   2,615    91,577 
Steel Partners Holdings LP*(a)   3,438    142,883 
TimkenSteel Corp.*   4,095    89,599 
Total Metal Fabricate/Hardware        324,059 
           
Miscellaneous Manufacturing – 0.5%          
Haynes International, Inc.   1,160    49,416 
           
Oil & Gas – 8.9%          
Amplify Energy Corp.*   9,397    51,684 
Berry Corp.   5,421    55,945 
Calumet Specialty Products Partners LP*(a)   7,943    108,104 
Falcon Minerals Corp.(a)   6,450    43,473 
Kimbell Royalty Partners LP   3,395    55,203 
Permian Basin Royalty Trust   6,602    82,591 
Ranger Oil Corp., Class A*   1,593    55,006 
Sabine Royalty Trust   740    42,735 
San Juan Basin Royalty Trust   8,937    78,377 
SandRidge Energy, Inc.*   8,482    135,882 
SilverBow Resources, Inc.*(a)   1,980    63,360 
VAALCO Energy, Inc.   11,506    75,134 
Total Oil & Gas        847,494 
           
Oil & Gas Services – 1.3%          
Newpark Resources, Inc.*   10,942   40,048 
Select Energy Services, Inc., Class A*   4,600    39,422 
Tidewater, Inc.*   1,950    42,393 
Total Oil & Gas Services        121,863 
           
Pharmaceuticals – 0.3%          
Tricida, Inc.*   3,650    30,003 
           
Pipelines – 1.0%          
Green Plains Partners LP   3,336    47,238 
Rattler Midstream LP   3,300    46,101 
Total Pipelines        93,339 
           
Real Estate – 0.4%          
Legacy Housing Corp.*   1,887    40,495 
           
REITS – 4.8%          
BRT Apartments Corp.   2,170    52,015 
City Office REIT, Inc.   2,700    47,682 
CTO Realty Growth, Inc.   743    49,276 
Farmland Partners, Inc.   3,690    50,737 
Gladstone Land Corp.   2,061    75,062 
Granite Point Mortgage Trust, Inc.   3,314    36,852 
New York City REIT, Inc., Class A   3,710    48,972 
Plymouth Industrial REIT, Inc.   1,887    51,138 
Whitestone REIT   3,562    47,196 
Total REITS        458,930 
           
Retail – 5.7%          
Biglari Holdings, Inc., Class B*   294    42,515 
Build-A-Bear Workshop, Inc.   2,979    54,456 
Caleres, Inc.   2,043    39,491 
Cato Corp. (The), Class A   3,005    44,053 
Conn’s, Inc.*   1,880    28,971 
Genesco, Inc.*   991    63,038 
Good Times Restaurants, Inc.*   9,992    34,972 
J Jill, Inc.*   2,228    33,799 
Movado Group, Inc.   1,458    56,935 
ONE Group Hospitality, Inc. (The)*   5,544    58,267 
Tile Shop Holdings, Inc.   6,067    39,739 
TravelCenters of America, Inc.*   1,100    47,256 
Total Retail        543,492 
           
Savings & Loans – 0.9%          
Hingham Institution For Savings The   117    40,155 
HomeTrust Bancshares, Inc.   1,438    42,464 
Total Savings & Loans        82,619 
           
Semiconductors – 1.0%          
Richardson Electronics Ltd.   4,642    57,747 
SMART Global Holdings, Inc.*   1,563    40,372 
Total Semiconductors        98,119 
           
Software – 1.8%          
Digi International, Inc.*   1,985    42,717 
Donnelley Financial Solutions, Inc.*   2,227    74,070 
Inspired Entertainment, Inc.*   4,019    49,434 
Total Software        166,221 
           
Transportation – 7.2%          
Capital Product Partners LP (Greece)   3,702    67,487 
Covenant Logistics Group, Inc.   1,666    35,869 
Danaos Corp. (Greece)   1,820    186,696 
Daseke, Inc.*   5,137    51,729 
Grindrod Shipping Holdings Ltd. (Singapore)   3,238    82,375 
OceanPal, Inc. (Greece)   1,089    817 

 

 

 

 

ADVISORSHARES DORSEY WRIGHT MICRO-CAP ETF

Schedule of Investments (continued)

March 31, 2022 (Unaudited)

 

Investments  Shares/
Principal
   Value 
COMMON STOCKS (continued)          
           
Transportation (continued)          
PAM Transportation Services, Inc.*   2,212   $76,867 
Singularity Future Technology Ltd.*(a)   5,911    82,872 
USA Truck, Inc.*   2,638    54,343 
USD Partners LP   6,960    41,899 
Total Transportation        680,954 
           
Total Common Stocks          
(Cost $8,731,314)        9,473,905 
           
MONEY MARKET FUND – 0.3%          
STIT - Government & Agency Portfolio, Institutional Class, 0.25%(b)          
(Cost $29,664)   29,664    29,664 
           
REPURCHASE AGREEMENTS – 6.9%(c)          
BofA Securities, Inc., dated 03/31/22, due 04/01/22, 0.30%, total to be received $249,002, (collateralized by various U.S. Government Agency Obligations, 2.00%-4.00%, 02/01/36-03/01/52, totaling $253,980)  $249,000    249,000 
Citigroup Global Markets, Inc., dated 03/31/22, due 04/01/22, 0.31%, total to be received $157,560, (collateralized by various U.S. Government Agency Obligations, 2.00%-10.00%, 06/15/22-01/20/52, totaling $160,710)   157,559    157,559 
RBC Dominion Securities, Inc., dated 03/31/22, due 04/01/22, 0.30%, total to be received $249,002, (collateralized by various U.S. Government Agency Obligations, 0.00%-5.50%, 04/26/22-03/20/52, totaling $253,980)   249,000    249,000 
           
Total Repurchase Agreements          
(Cost $655,559)        655,559 
           
Total Investments – 107.0%          
(Cost $9,416,537)        10,159,128 
Liabilities in Excess of Other Assets – (7.0%)        (667,456)
Net Assets – 100.0%       $9,491,672 

 

 

 

LP - Limited Partnership

REITS - Real Estate Investment Trusts

 

* Non-income producing security.
(a) All or a portion of security is on loan. The aggregate market value of the securities on loan is $699,556; the aggregate market value of the collateral held by the fund is $717,191. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $61,632.
(b) Rate shown reflects the 7-day yield as of March 31, 2022.
(c) Collateral received from brokers for securities lending was invested in these short-term investments.

 

 

 

 

ADVISORSHARES DORSEY WRIGHT MICRO-CAP ETF

Schedule of Investments (continued)

March 31, 2022 (Unaudited)

 

 

 

For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.

 

Fair Value Measurements

 

The following is a summary of the inputs used, as of March 31, 2022, in valuing the Fund's assets and liabilities carried at fair value. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

 

Assets  Level 1   Level 2   Level 3   Total 
Common Stocks  $9,473,905   $   $   $9,473,905 
Money Market Fund   29,664            29,664 
Repurchase Agreements       655,559        655,559 
Total  $9,503,569   $655,559   $   $10,159,128 

 

SUMMARY OF SCHEDULE OF INVESTMENTS

 

   % of 
   Net Assets 
Advertising   1.5%
Auto Parts & Equipment   0.6 
Banks   12.0 
Biotechnology   3.8 
Chemicals   2.8 
Coal   3.9 
Commercial Services   8.7 
Computers   0.4 
Distribution/Wholesale   3.7 
Diversified Financial Services   5.6 
Electrical Components & Equipment   0.9 
Electronics   1.4 
Energy - Alternate Sources   0.4 
Engineering & Construction   2.1 
Entertainment   1.9 
Environmental Control   0.5 
Food   0.5 
Gas   0.5 
Healthcare - Products   1.7 
Home Builders   0.4 
Home Furnishings   0.4 
Insurance   2.2 
Internet   1.2 
Leisure Time   0.9 
Lodging   2.0 
Media   2.6 
Metal Fabricate/Hardware   3.4 
Miscellaneous Manufacturing   0.5 
Oil & Gas   8.9 
Oil & Gas Services   1.3 
Pharmaceuticals   0.3 
Pipelines   1.0 
Real Estate   0.4 
REITS   4.8 
Retail   5.7
Savings & Loans   0.9 
Semiconductors   1.0 
Software   1.8 
Transportation   7.2 
Money Market Fund   0.3 
Repurchase Agreements   6.9 
Total Investments   107.0 
Liabilities in Excess of Other Assets   (7.0)
Net Assets   100.0%

 

 



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