Short Interest in Avantis U.S. Quality ETF (NASDAQ:AVUQ) Declines By 66.0%

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 17,824 shares, a decline of 66.0% from the April 30th total of 52,394 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 25,627 shares, the days-to-cover ratio is presently 0.7 days.

Avantis U.S. Quality ETF Trading Up 0.3%

AVUQ opened at $67.29 on Friday. The stock has a market capitalization of $235.52 million, a P/E ratio of 29.10 and a beta of 1.16. Avantis U.S. Quality ETF has a 12 month low of $50.82 and a 12 month high of $67.51. The firm’s fifty day simple moving average is $62.23 and its 200 day simple moving average is $60.80.

Avantis U.S. Quality ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Tuesday, March 10th were given a $0.0408 dividend. This represents a $0.16 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 10th.

Institutional Investors Weigh In On Avantis U.S. Quality ETF

Several institutional investors have recently added to or reduced their stakes in AVUQ. Legacy Financial Group Inc. lifted its position in Avantis U.S. Quality ETF by 43.9% in the 3rd quarter. Legacy Financial Group Inc. now owns 10,902 shares of the company’s stock valued at $647,000 after acquiring an additional 3,324 shares in the last quarter. Citadel Advisors LLC bought a new stake in Avantis U.S. Quality ETF in the 3rd quarter valued at $298,000. EnRich Financial Partners LLC bought a new stake in Avantis U.S. Quality ETF in the 4th quarter valued at $397,000. Torren Management LLC bought a new stake in Avantis U.S. Quality ETF in the 4th quarter valued at $11,641,000. Finally, Strategic Blueprint LLC bought a new stake in Avantis U.S. Quality ETF in the 4th quarter valued at $15,710,000.

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.