Short Interest in Avantis U.S. Quality ETF (NASDAQ:AVUQ) Drops By 79.1%

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 3,480 shares, a decrease of 79.1% from the May 31st total of 16,617 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,897 shares, the short-interest ratio is presently 0.1 days.

Avantis U.S. Quality ETF Stock Up 0.3%

Avantis U.S. Quality ETF stock traded up $0.18 during trading hours on Friday, hitting $64.10. 39,823 shares of the company traded hands, compared to its average volume of 15,849. Avantis U.S. Quality ETF has a 1-year low of $53.45 and a 1-year high of $67.78. The firm has a market cap of $224.35 million, a P/E ratio of 29.10 and a beta of 1.15. The firm’s 50-day simple moving average is $65.19 and its two-hundred day simple moving average is $61.63.

Avantis U.S. Quality ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 9th were issued a dividend of $0.0652 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.04. This represents a $0.26 annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On Avantis U.S. Quality ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Plancorp LLC increased its position in shares of Avantis U.S. Quality ETF by 11.1% during the 4th quarter. Plancorp LLC now owns 3,995 shares of the company’s stock valued at $240,000 after purchasing an additional 400 shares during the period. Torren Management LLC lifted its holdings in shares of Avantis U.S. Quality ETF by 0.3% in the first quarter. Torren Management LLC now owns 194,083 shares of the company’s stock valued at $11,012,000 after buying an additional 615 shares during the period. Sankala Group LLC acquired a new stake in shares of Avantis U.S. Quality ETF in the fourth quarter valued at $48,000. Legacy Financial Group Inc. raised its position in Avantis U.S. Quality ETF by 9.8% in the fourth quarter. Legacy Financial Group Inc. now owns 11,972 shares of the company’s stock worth $720,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Avantis U.S. Quality ETF in the third quarter worth about $298,000.

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.