Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sees Large Decline in Short Interest

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSCGet Free Report) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 52,695 shares, a decrease of 53.2% from the February 26th total of 112,673 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 145,136 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake in Avantis U.S. Small Cap Equity ETF by 576.9% during the fourth quarter. Rothschild Investment LLC now owns 440 shares of the company’s stock valued at $26,000 after buying an additional 375 shares during the period. Root Financial Partners LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the third quarter worth about $27,000. Evolution Wealth Management Inc. purchased a new stake in Avantis U.S. Small Cap Equity ETF in the second quarter valued at approximately $25,000. YANKCOM Partnership bought a new stake in Avantis U.S. Small Cap Equity ETF during the third quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC grew its stake in Avantis U.S. Small Cap Equity ETF by 82.4% in the 3rd quarter. Global Retirement Partners LLC now owns 549 shares of the company’s stock worth $31,000 after buying an additional 248 shares in the last quarter.

Avantis U.S. Small Cap Equity ETF Price Performance

AVSC stock traded down $0.85 during mid-day trading on Friday, reaching $61.36. 124,214 shares of the company traded hands, compared to its average volume of 142,651. The company has a fifty day moving average price of $63.27 and a 200-day moving average price of $60.05. Avantis U.S. Small Cap Equity ETF has a 52-week low of $41.58 and a 52-week high of $65.93. The company has a market capitalization of $2.25 billion, a P/E ratio of 14.03 and a beta of 1.10.

Avantis U.S. Small Cap Equity ETF Company Profile

(Get Free Report)

The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.

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