Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Significant Increase in Short Interest

Avantis U.S. Equity ETF (NYSEARCA:AVUS) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 340,841 shares, an increase of 56.3% from the August 15th total of 218,029 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 271,701 shares, the short-interest ratio is currently 1.3 days.

Avantis U.S. Equity ETF Stock Up 0.9%

Shares of AVUS traded up $1.14 during trading hours on Thursday, reaching $128.72. The company’s stock had a trading volume of 274,843 shares, compared to its average volume of 318,299. The company has a 50 day moving average of $129.42 and a two-hundred day moving average of $123.83. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99. Avantis U.S. Equity ETF has a 1-year low of $105.72 and a 1-year high of $132.81.

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

A number of institutional investors have recently modified their holdings of the stock. Godfrey Financial Associates Inc. purchased a new position in shares of Avantis U.S. Equity ETF during the 4th quarter valued at $29,000. Monetary Solutions Ltd purchased a new stake in shares of Avantis U.S. Equity ETF during the fourth quarter worth $39,000. Anchor Investment Management LLC acquired a new stake in Avantis U.S. Equity ETF during the second quarter valued at $53,000. Harbor Asset Planning Inc. boosted its position in Avantis U.S. Equity ETF by 150.2% during the first quarter. Harbor Asset Planning Inc. now owns 713 shares of the company’s stock valued at $79,000 after purchasing an additional 428 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Avantis U.S. Equity ETF by 40.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 754 shares of the company’s stock valued at $84,000 after purchasing an additional 219 shares in the last quarter.

Avantis U.S. Equity ETF Company Profile

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.