Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 244 shares, a decrease of 86.7% from the May 31st total of 1,839 shares. Based on an average daily volume of 947 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. raised its holdings in shares of Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE – Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,717 shares of the company’s stock after buying an additional 337 shares during the quarter. Geneos Wealth Management Inc. owned about 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 as of its most recent SEC filing.
Avantis Inflation Focused Equity ETF Price Performance
AVIE stock traded up $0.92 during trading on Friday, hitting $74.97. The stock had a trading volume of 1,136 shares, compared to its average volume of 1,236. Avantis Inflation Focused Equity ETF has a twelve month low of $59.21 and a twelve month high of $75.20. The company’s 50-day moving average price is $73.76 and its two-hundred day moving average price is $71.44. The stock has a market capitalization of $7.50 million, a P/E ratio of 17.76 and a beta of 0.50.
Avantis Inflation Focused Equity ETF Company Profile
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.
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