Avantis U.S. Quality ETF (NASDAQ:AVUQ) Short Interest Down 46.9% in August

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 20,704 shares, a decline of 46.9% from the July 30th total of 38,993 shares. Based on an average daily trading volume, of 21,286 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Avantis U.S. Quality ETF

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new position in shares of Avantis U.S. Quality ETF during the 1st quarter valued at approximately $6,927,000. Orion Capital Management LLC increased its stake in shares of Avantis U.S. Quality ETF by 24,600.0% in the second quarter. Orion Capital Management LLC now owns 4,940 shares of the company’s stock worth $326,000 after buying an additional 4,920 shares during the last quarter. Torren Management LLC increased its stake in shares of Avantis U.S. Quality ETF by 0.6% in the second quarter. Torren Management LLC now owns 195,207 shares of the company’s stock worth $12,884,000 after buying an additional 1,124 shares during the last quarter. Haven Private LLC acquired a new stake in Avantis U.S. Quality ETF in the fourth quarter valued at $695,000. Finally, Citadel Advisors LLC acquired a new stake in Avantis U.S. Quality ETF in the third quarter valued at $298,000.

Avantis U.S. Quality ETF Trading Down 0.4%

NASDAQ:AVUQ traded down $0.28 on Friday, reaching $67.03. The stock had a trading volume of 2,701 shares, compared to its average volume of 19,194. The company has a 50-day moving average of $66.15 and a 200 day moving average of $63.43. The stock has a market cap of $294.93 million, a P/E ratio of 29.10 and a beta of 1.16. Avantis U.S. Quality ETF has a 12-month low of $54.65 and a 12-month high of $68.38.

Avantis U.S. Quality ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 9th were issued a $0.0652 dividend. This is an increase from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.04. This represents a $0.26 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, June 9th.

About Avantis U.S. Quality ETF

​The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.