Avantis U.S. Quality ETF (NASDAQ:AVUQ – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 25,554 shares, a decrease of 34.3% from the September 30th total of 38,894 shares. Based on an average daily volume of 104,865 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are sold short.
Avantis U.S. Quality ETF Stock Down 0.9%
AVUQ stock opened at $64.40 on Tuesday. The business has a fifty day moving average of $67.21 and a two-hundred day moving average of $64.07. The stock has a market cap of $405.73 million, a price-to-earnings ratio of 29.10 and a beta of 1.14. Avantis U.S. Quality ETF has a 52-week low of $54.65 and a 52-week high of $69.56.
Avantis U.S. Quality ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were issued a $0.0428 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.17 annualized dividend and a dividend yield of 0.3%. This is a drop from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.0652.
Hedge Funds Weigh In On Avantis U.S. Quality ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Herold Advisors Inc. grew its position in shares of Avantis U.S. Quality ETF by 1.4% in the 3rd quarter. Herold Advisors Inc. now owns 13,722 shares of the company’s stock valued at $930,000 after buying an additional 196 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Avantis U.S. Quality ETF by 25.9% in the third quarter. Farther Finance Advisors LLC now owns 1,095 shares of the company’s stock valued at $74,000 after acquiring an additional 225 shares in the last quarter. Torren Management LLC grew its holdings in Avantis U.S. Quality ETF by 0.3% during the first quarter. Torren Management LLC now owns 194,083 shares of the company’s stock worth $11,012,000 after acquiring an additional 615 shares during the period. Legacy Financial Group Inc. lifted its position in shares of Avantis U.S. Quality ETF by 9.6% during the 3rd quarter. Legacy Financial Group Inc. now owns 15,236 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,337 shares during the period. Finally, Evanson Financial LLC acquired a new position in shares of Avantis U.S. Quality ETF during the 3rd quarter worth $201,000.
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.
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