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          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
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      <regFileNumber>811-22110</regFileNumber>
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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 All Cap World ETF</seriesName>
      <seriesId>S000067383</seriesId>
      <seriesLei>549300542DJZE89VN647</seriesLei>
      <repPdEnd>2021-06-30</repPdEnd>
      <repPdDate>2020-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        </monthlyReturnCats>
        <othMon1 netRealizedGain="0.00000000" netUnrealizedAppr="-1474625.92000000"/>
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      <mon1Flow redemption="0.00000000" reinvestment="0.00000000" sales="4794677.23000000"/>
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    </fundInfo>
    <invstOrSecs>
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        <name>BANK OF AMERICA CORPORATION</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORPORATION</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="9253257616"/>
        </identifiers>
        <balance>16.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16.00000000</valUSD>
        <pctVal>0.000011887366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <clearedCentCparty centralCounterparty="BANK OF AMERICA CORPORATION" isCleared="Y"/>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.08000000</repurchaseRt>
          <maturityDt>2021-01-04</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>21.07093224</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>16.32000002</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="16.00000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Morningstar Small-Cap Growth ETF</name>
        <lei>549300LTDYGH14NZXT13</lei>
        <title>iShares Morningstar Small-Cap Growth ETF</title>
        <cusip>464288604</cusip>
        <identifiers>
          <isin value="US4642886042"/>
          <ticker value="JKK"/>
        </identifiers>
        <balance>227081.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68919083.50000000</valUSD>
        <pctVal>51.20415116390</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>iShares Morningstar Mid-Cap Growth ETF</name>
        <lei>N/A</lei>
        <title>iShares Morningstar Mid-Cap Growth ETF</title>
        <cusip>464288307</cusip>
        <identifiers>
          <isin value="US4642883072"/>
          <ticker value="JKH"/>
        </identifiers>
        <balance>171769.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65698207.12000000</valUSD>
        <pctVal>48.81116749862</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>81570.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81570.00000000</valUSD>
        <pctVal>0.060603281389</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>
    </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>2021-02-18</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>
