Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) Sees Significant Increase in Short Interest

Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 102,661 shares, a growth of 156.1% from the August 31st total of 40,083 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,059 shares, the days-to-cover ratio is presently 1.2 days.

Avantis U.S. Large Cap Equity ETF Price Performance

Shares of NYSEARCA:AVLC traded up $0.43 during midday trading on Friday, reaching $91.34. The company’s stock had a trading volume of 64,839 shares, compared to its average volume of 67,699. The business’s fifty day simple moving average is $90.96 and its 200-day simple moving average is $87.26. Avantis U.S. Large Cap Equity ETF has a fifty-two week low of $74.45 and a fifty-two week high of $94.80. The company has a market capitalization of $1.51 billion, a P/E ratio of 22.04 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Acorn Wealth Advisors LLC acquired a new position in Avantis U.S. Large Cap Equity ETF in the second quarter valued at about $204,000. Diversify Wealth Management LLC acquired a new stake in shares of Avantis U.S. Large Cap Equity ETF during the first quarter worth about $236,000. Team Financial Group LLC bought a new position in shares of Avantis U.S. Large Cap Equity ETF during the 1st quarter valued at about $234,000. Mosaic Family Wealth Partners LLC bought a new position in shares of Avantis U.S. Large Cap Equity ETF during the 1st quarter valued at about $254,000. Finally, Private Advisor Group LLC acquired a new position in shares of Avantis U.S. Large Cap Equity ETF in the 1st quarter valued at approximately $273,000.

About Avantis U.S. Large Cap Equity ETF

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.