Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Stock Short Interest Falls 48.1%

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 1,879 shares, a drop of 48.1% from the August 31st total of 3,622 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 2,619 shares, the days-to-cover ratio is currently 0.7 days.

Avantis Inflation Focused Equity ETF Price Performance

Shares of AVIE traded up $0.18 during midday trading on Thursday, reaching $77.50. The stock had a trading volume of 1,162 shares, compared to its average volume of 1,432. The firm’s 50 day moving average price is $79.37 and its 200-day moving average price is $75.75. Avantis Inflation Focused Equity ETF has a 52 week low of $62.42 and a 52 week high of $82.03. The company has a market capitalization of $12.40 million, a P/E ratio of 17.76 and a beta of 0.48.

About Avantis Inflation Focused Equity ETF

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.