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          <ccc>XXXXXXXX</ccc>
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      <regStreet1>4800 Montgomery Lane</regStreet1>
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      <regCity>Bethesda</regCity>
      <regStateConditional regCountry="US" regState="US-MD"/>
      <regZipOrPostalCode>20814</regZipOrPostalCode>
      <regPhone>877-843-3831</regPhone>
      <seriesName>AdvisorShares Dorsey Wright FSM US Core ETF</seriesName>
      <seriesId>S000067384</seriesId>
      <seriesLei>5493001DPU8A1POYN342</seriesLei>
      <repPdEnd>2020-06-30</repPdEnd>
      <repPdDate>2019-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <liquidPref>0</liquidPref>
      <isNonCashCollateral>N</isNonCashCollateral>
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        </monthlyReturnCats>
        <othMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
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      </returnInfo>
      <mon1Flow redemption="0.00000000" reinvestment="0.00000000" sales="0.00000000"/>
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    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>INVESCO S&amp;P 500 LOW VOLAT</name>
        <lei>549300FATA6ZCF8G1744</lei>
        <title>INVESCO S&amp;P 500 LOW VOLAT</title>
        <cusip>46138E354</cusip>
        <identifiers>
          <isin value="US46138E3541"/>
          <ticker value="SPLV"/>
        </identifiers>
        <balance>231899.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13528987.66000000</valUSD>
        <pctVal>50.05847735720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACKROCK TREASURY TRUST</name>
        <lei>N/A</lei>
        <title>BLACKROCK TREASURY TRUST</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="X9USDBLYT"/>
        </identifiers>
        <balance>43858.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43858.00000000</valUSD>
        <pctVal>0.162278564746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco QQQ Trust Series 1</name>
        <lei>549300VY6FEJBCIMET58</lei>
        <title>Invesco QQQ Trust Series 1</title>
        <cusip>46090E103</cusip>
        <identifiers>
          <isin value="US46090E1038"/>
          <ticker value="QQQ"/>
        </identifiers>
        <balance>63296.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13457362.56000000</valUSD>
        <pctVal>49.79345801232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-02-24</ncom:dateSigned>
      <ncom:nameOfApplicant>AdvisorShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Dan Ahrens</ncom:signature>
      <ncom:signerName>Dan Ahrens</ncom:signerName>
      <ncom:title>Secretary and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
