Short Interest in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Increases By 299.3%

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 579 shares, an increase of 299.3% from the December 15th total of 145 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 303 shares, the short-interest ratio is currently 1.9 days. Based on an average daily trading volume, of 303 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 9.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,328 shares of the company’s stock after purchasing an additional 277 shares during the period. Geneos Wealth Management Inc. owned approximately 4.16% of Avantis Inflation Focused Equity ETF worth $214,000 at the end of the most recent reporting period.

Avantis Inflation Focused Equity ETF Trading Up 0.2%

AVIE stock opened at $67.42 on Tuesday. The firm has a 50-day moving average of $65.46 and a two-hundred day moving average of $63.18. Avantis Inflation Focused Equity ETF has a 12 month low of $56.29 and a 12 month high of $67.41. The company has a market cap of $6.74 million, a price-to-earnings ratio of 17.76 and a beta of 0.64.

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.