Short Interest in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Grows By 138.5%

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 582 shares, a growth of 138.5% from the June 15th total of 244 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 814 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Avantis Inflation Focused Equity ETF

A hedge fund recently raised its stake in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. increased its holdings in shares of Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,717 shares of the company’s stock after buying an additional 337 shares during the period. Geneos Wealth Management Inc. owned about 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Avantis Inflation Focused Equity ETF Stock Performance

NYSEARCA:AVIE traded down $0.50 during mid-day trading on Wednesday, hitting $75.43. 518 shares of the company’s stock traded hands, compared to its average volume of 1,253. The company has a fifty day moving average of $74.44 and a 200 day moving average of $72.38. The company has a market capitalization of $7.54 million, a P/E ratio of 17.76 and a beta of 0.49. Avantis Inflation Focused Equity ETF has a twelve month low of $59.21 and a twelve month high of $76.67.

Avantis Inflation Focused Equity ETF Company Profile

The Avantis Inflation Focused Equity ETF (AVIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed equity fund of US companies involved in sectors or industries that tend to outperform during periods of inflation. AVIE was launched on Sep 27, 2022 and is managed by American Century Investments.