Avantis U.S. Quality ETF (NASDAQ:AVUQ) Sees Large Growth in Short Interest

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 32,902 shares, an increase of 58.9% from the August 15th total of 20,704 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 50,599 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Avantis U.S. Quality ETF

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in shares of Avantis U.S. Quality ETF by 34.5% in the second quarter. NewEdge Advisors LLC now owns 164,235 shares of the company’s stock valued at $10,840,000 after purchasing an additional 42,141 shares during the period. Orion Capital Management LLC grew its holdings in Avantis U.S. Quality ETF by 24,600.0% in the 2nd quarter. Orion Capital Management LLC now owns 4,940 shares of the company’s stock valued at $326,000 after buying an additional 4,920 shares in the last quarter. Torren Management LLC increased its position in Avantis U.S. Quality ETF by 0.6% during the second quarter. Torren Management LLC now owns 195,207 shares of the company’s stock worth $12,884,000 after purchasing an additional 1,124 shares during the last quarter. Legacy Financial Group Inc. grew its stake in shares of Avantis U.S. Quality ETF by 14.5% in the 1st quarter. Legacy Financial Group Inc. now owns 13,710 shares of the company’s stock valued at $778,000 after buying an additional 1,738 shares during the period. Finally, Sankala Group LLC purchased a new stake in shares of Avantis U.S. Quality ETF in the 4th quarter valued at approximately $48,000.

Avantis U.S. Quality ETF Trading Up 1.4%

Shares of AVUQ stock opened at $66.69 on Friday. Avantis U.S. Quality ETF has a twelve month low of $54.65 and a twelve month high of $68.38. The stock has a market cap of $293.42 million, a P/E ratio of 29.10 and a beta of 1.16. The stock has a 50 day moving average of $66.52 and a 200 day moving average of $64.11.

Avantis U.S. Quality ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.0428 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 8th.

About Avantis U.S. Quality ETF

​The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.