Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Large Decline in Short Interest

Avantis U.S. Equity ETF (NYSEARCA:AVUS) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 328,400 shares, a decrease of 40.9% from the May 15th total of 555,700 shares. Based on an average trading volume of 454,500 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

Avantis U.S. Equity ETF Stock Performance

Shares of AVUS stock traded up $1.02 on Monday, hitting $98.47. The stock had a trading volume of 206,044 shares, compared to its average volume of 327,681. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 20.32 and a beta of 1.02. The stock’s 50 day moving average is $92.93 and its 200-day moving average is $95.83. Avantis U.S. Equity ETF has a 52-week low of $79.20 and a 52-week high of $102.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Modern Wealth Management LLC lifted its position in Avantis U.S. Equity ETF by 42.6% during the 1st quarter. Modern Wealth Management LLC now owns 13,581 shares of the company’s stock worth $1,255,000 after acquiring an additional 4,054 shares during the last quarter. Porter White Investment Advisors Inc. bought a new stake in Avantis U.S. Equity ETF in the first quarter valued at about $1,098,000. Triune Financial Partners LLC increased its holdings in shares of Avantis U.S. Equity ETF by 0.3% in the first quarter. Triune Financial Partners LLC now owns 33,914 shares of the company’s stock worth $3,133,000 after acquiring an additional 106 shares in the last quarter. Mattson Financial Services LLC acquired a new position in shares of Avantis U.S. Equity ETF during the first quarter worth about $107,000. Finally, Glenview Trust co boosted its position in Avantis U.S. Equity ETF by 7.9% during the first quarter. Glenview Trust co now owns 231,815 shares of the company’s stock valued at $21,415,000 after purchasing an additional 16,896 shares during the last quarter.

About Avantis U.S. Equity ETF

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.