Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Short Interest Up 72.9% in May

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 394,883 shares, a growth of 72.9% from the May 14th total of 228,371 shares. Based on an average daily volume of 1,235,452 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

Avantis U.S. Large Cap Value ETF Trading Up 0.5%

NYSEARCA AVLV traded up $0.47 during trading on Monday, hitting $92.01. The company had a trading volume of 903,592 shares, compared to its average volume of 747,167. Avantis U.S. Large Cap Value ETF has a one year low of $66.38 and a one year high of $92.35. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 15.70 and a beta of 0.94. The company’s fifty day moving average is $87.19 and its 200-day moving average is $82.16.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AVLV. ESL Trust Services LLC raised its holdings in Avantis U.S. Large Cap Value ETF by 1,372.2% in the 4th quarter. ESL Trust Services LLC now owns 821,432 shares of the company’s stock worth $62,240,000 after purchasing an additional 765,634 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Avantis U.S. Large Cap Value ETF by 16.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,568,058 shares of the company’s stock worth $257,768,000 after purchasing an additional 513,695 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Avantis U.S. Large Cap Value ETF by 190.0% in the 4th quarter. Farther Finance Advisors LLC now owns 668,964 shares of the company’s stock worth $50,687,000 after purchasing an additional 438,265 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Avantis U.S. Large Cap Value ETF by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 549,416 shares of the company’s stock worth $41,629,000 after purchasing an additional 80,406 shares in the last quarter. Finally, Advantage Trust Co raised its holdings in Avantis U.S. Large Cap Value ETF by 33.7% in the 4th quarter. Advantage Trust Co now owns 204,534 shares of the company’s stock worth $15,498,000 after purchasing an additional 51,604 shares in the last quarter.

Avantis U.S. Large Cap Value ETF Company Profile

The Avantis U.S. Large Cap Value ETF (AVLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US large-cap value companies selected based on fundamental criteria. AVLV was launched on Sep 21, 2021 and is managed by American Century Investments.