Avantis U.S. Quality ETF (NASDAQ:AVUQ) Short Interest Update

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 32,902 shares, a growth of 58.9% from the August 15th total of 20,704 shares. Based on an average trading volume of 50,599 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.7% of the shares of the stock are sold short.

Avantis U.S. Quality ETF Stock Performance

Shares of NASDAQ AVUQ opened at $67.03 on Friday. The firm has a fifty day moving average of $66.53 and a 200 day moving average of $64.13. The firm has a market cap of $294.93 million, a PE ratio of 29.10 and a beta of 1.16. Avantis U.S. Quality ETF has a one year low of $54.65 and a one year high of $68.38.

Avantis U.S. Quality ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, September 8th were paid a dividend of $0.0428 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in Avantis U.S. Quality ETF by 34.5% during the 2nd quarter. NewEdge Advisors LLC now owns 164,235 shares of the company’s stock worth $10,840,000 after buying an additional 42,141 shares in the last quarter. Orion Capital Management LLC raised its holdings in shares of Avantis U.S. Quality ETF by 24,600.0% during the second quarter. Orion Capital Management LLC now owns 4,940 shares of the company’s stock valued at $326,000 after acquiring an additional 4,920 shares during the last quarter. Torren Management LLC lifted its position 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 valued at $12,884,000 after acquiring an additional 1,124 shares in the last quarter. Legacy Financial Group Inc. lifted its position in shares of Avantis U.S. Quality ETF by 14.5% in the first quarter. Legacy Financial Group Inc. now owns 13,710 shares of the company’s stock valued at $778,000 after acquiring an additional 1,738 shares in the last quarter. Finally, Sankala Group LLC acquired a new stake in shares of Avantis U.S. Quality ETF in the fourth quarter worth approximately $48,000.

Avantis U.S. Quality ETF Company Profile

​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.