Short Interest in Avantis Global Credit ETF (NASDAQ:AVGB) Increases By 109.1%

Avantis Global Credit ETF (NASDAQ:AVGB) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,538 shares, a growth of 109.1% from the May 31st total of 2,170 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 980 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Investors Weigh In On Avantis Global Credit ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Werba Rubin Papier Wealth Management raised its holdings in Avantis Global Credit ETF by 194.0% during the fourth quarter. Werba Rubin Papier Wealth Management now owns 15,711 shares of the company’s stock worth $798,000 after purchasing an additional 10,367 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Avantis Global Credit ETF in the fourth quarter valued at $2,438,000. Jane Street Group LLC lifted its holdings in shares of Avantis Global Credit ETF by 39.7% in the fourth quarter. Jane Street Group LLC now owns 6,590 shares of the company’s stock valued at $335,000 after buying an additional 1,872 shares during the period. Finally, Plancorp LLC boosted its stake in Avantis Global Credit ETF by 10.7% during the fourth quarter. Plancorp LLC now owns 5,155 shares of the company’s stock valued at $262,000 after buying an additional 500 shares in the last quarter.

Avantis Global Credit ETF Stock Performance

AVGB traded down $0.02 on Tuesday, reaching $51.23. The company had a trading volume of 461 shares, compared to its average volume of 2,354. The company has a fifty day moving average of $51.06 and a 200-day moving average of $51.01. Avantis Global Credit ETF has a one year low of $50.35 and a one year high of $52.07.

Avantis Global Credit ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 9th were paid a $0.2707 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 9th.

About Avantis Global Credit ETF

Avantis Credit ETF is an actively managed exchange-traded fund that aims to maximize total return. The fund invests primarily in investment-grade quality debt obligations from a diverse group of U.S. and non-U.S. issuers