Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Large Drop in Short Interest

Avantis U.S. Equity ETF (NYSEARCA:AVUS) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 184,603 shares, a decline of 45.8% from the August 31st total of 340,841 shares. Based on an average daily volume of 293,845 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Monetary Solutions Ltd acquired a new stake in Avantis U.S. Equity ETF during the fourth quarter worth approximately $39,000. Anchor Investment Management LLC bought a new position in shares of Avantis U.S. Equity ETF during the second quarter worth approximately $53,000. Harbor Asset Planning Inc. increased its stake in shares of Avantis U.S. Equity ETF by 150.2% during the first quarter. Harbor Asset Planning Inc. now owns 713 shares of the company’s stock worth $79,000 after purchasing an additional 428 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Avantis U.S. Equity ETF by 40.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 754 shares of the company’s stock worth $84,000 after purchasing an additional 219 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Avantis U.S. Equity ETF during the 1st quarter worth approximately $84,000.

Avantis U.S. Equity ETF Trading Up 0.0%

Shares of NYSEARCA:AVUS traded up $0.04 on Wednesday, hitting $128.59. The company had a trading volume of 177,528 shares, compared to its average volume of 316,717. Avantis U.S. Equity ETF has a 1-year low of $105.72 and a 1-year high of $132.81. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99. The stock has a 50 day moving average price of $129.66 and a 200 day moving average price of $124.74.

About Avantis U.S. Equity ETF

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.