Short Interest in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Rises By 78.3%

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 831 shares, an increase of 78.3% from the January 15th total of 466 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,091 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 1,091 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.8% of the company’s stock are sold short.

Avantis Inflation Focused Equity ETF Price Performance

NYSEARCA:AVIE traded up $0.43 during mid-day trading on Friday, reaching $73.03. The stock had a trading volume of 2,895 shares, compared to its average volume of 1,247. The stock has a market cap of $7.30 million, a P/E ratio of 17.76 and a beta of 0.64. The business’s 50 day moving average is $68.00 and its 200 day moving average is $64.64. Avantis Inflation Focused Equity ETF has a fifty-two week low of $56.29 and a fifty-two week high of $73.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. grew its holdings in shares of Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,717 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

About Avantis Inflation Focused Equity ETF

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.