Short Interest in Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Decreases By 49.3%

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 106,845 shares, a decrease of 49.3% from the May 31st total of 210,701 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 125,291 shares, the days-to-cover ratio is presently 0.9 days.

Avantis U.S. Small Cap Equity ETF Stock Performance

AVSC stock opened at $73.02 on Tuesday. The firm has a market cap of $2.88 billion, a PE ratio of 14.03 and a beta of 1.04. The stock has a 50-day moving average price of $68.93 and a 200-day moving average price of $64.81. Avantis U.S. Small Cap Equity ETF has a 1-year low of $50.78 and a 1-year high of $73.17.

Institutional Investors Weigh In On Avantis U.S. Small Cap Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Elwood & Goetz Wealth Advisory Group LLC grew its stake in shares of Avantis U.S. Small Cap Equity ETF by 7.5% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 636,669 shares of the company’s stock valued at $37,398,000 after buying an additional 44,193 shares during the period. Lam Group Inc. grew its stake in Avantis U.S. Small Cap Equity ETF by 90.4% in the fourth quarter. Lam Group Inc. now owns 19,335 shares of the company’s stock valued at $1,136,000 after acquiring an additional 9,180 shares during the period. Simplicity Wealth LLC increased its holdings in shares of Avantis U.S. Small Cap Equity ETF by 5.2% during the fourth quarter. Simplicity Wealth LLC now owns 218,841 shares of the company’s stock valued at $12,855,000 after acquiring an additional 10,723 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Avantis U.S. Small Cap Equity ETF by 9.5% during the fourth quarter. AE Wealth Management LLC now owns 606,160 shares of the company’s stock valued at $35,606,000 after acquiring an additional 52,433 shares in the last quarter. Finally, CWM LLC raised its position in shares of Avantis U.S. Small Cap Equity ETF by 5.9% during the fourth quarter. CWM LLC now owns 181,631 shares of the company’s stock worth $10,669,000 after purchasing an additional 10,113 shares during the period.

Avantis U.S. Small Cap Equity ETF Company Profile

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.