Avantis Global Credit ETF (NASDAQ:AVGB) Sees Large Increase in Short Interest

Avantis Global Credit ETF (NASDAQ:AVGB) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 16,633 shares, an increase of 222.5% from the September 15th total of 5,158 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 81,459 shares, the short-interest ratio is presently 0.2 days.

Avantis Global Credit ETF Stock Performance

Shares of Avantis Global Credit ETF stock traded down $0.00 during trading on Tuesday, reaching $49.88. The company’s stock had a trading volume of 1,993 shares, compared to its average volume of 6,803. The company has a 50-day moving average price of $50.44 and a two-hundred day moving average price of $50.80. Avantis Global Credit ETF has a fifty-two week low of $49.51 and a fifty-two week high of $52.07.

Avantis Global Credit ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 8th were paid a dividend of $0.5015 per share. The ex-dividend date was Tuesday, September 8th. This represents a $2.01 dividend on an annualized basis and a yield of 4.0%. This is an increase from Avantis Global Credit ETF’s previous quarterly dividend of $0.2707.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Avantis Global Credit ETF stock. CoreCap Advisors LLC bought a new stake in Avantis Global Credit ETF (NASDAQ:AVGB) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 63,810 shares of the company’s stock, valued at approximately $3,166,000. CoreCap Advisors LLC owned about 5.10% of Avantis Global Credit ETF as of its most recent filing with the Securities & Exchange Commission.

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