Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Short Interest Down 42.6% in May

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 228,371 shares, a drop of 42.6% from the April 30th total of 397,563 shares. Based on an average daily trading volume, of 753,471 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Avantis U.S. Large Cap Value ETF

Hedge funds have recently bought and sold shares of the company. NBT Bank N A NY bought a new position in Avantis U.S. Large Cap Value ETF in the 1st quarter valued at about $35,000. Aventura Private Wealth LLC bought a new position in Avantis U.S. Large Cap Value ETF in the 4th quarter valued at about $43,000. Longview Financial Advisors Inc. bought a new position in Avantis U.S. Large Cap Value ETF in the 1st quarter valued at about $87,000. Hurley Capital LLC increased its holdings in Avantis U.S. Large Cap Value ETF by 311.8% in the 3rd quarter. Hurley Capital LLC now owns 2,228 shares of the company’s stock valued at $161,000 after buying an additional 1,687 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Avantis U.S. Large Cap Value ETF during the 3rd quarter valued at approximately $265,000.

Avantis U.S. Large Cap Value ETF Trading Up 0.9%

AVLV stock traded up $0.77 during mid-day trading on Tuesday, hitting $91.02. The stock had a trading volume of 1,188,008 shares, compared to its average volume of 719,332. Avantis U.S. Large Cap Value ETF has a 52 week low of $65.87 and a 52 week high of $91.21. The firm has a market capitalization of $12.13 billion, a P/E ratio of 15.70 and a beta of 0.95. The firm has a fifty day simple moving average of $85.34 and a 200 day simple moving average of $80.99.

About Avantis U.S. Large Cap Value ETF

The Avantis U.S. Large Cap Value ETF (AVLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US large-cap value companies selected based on fundamental criteria. AVLV was launched on Sep 21, 2021 and is managed by American Century Investments.