Short Interest in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) Drops By 45.1%

Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 49,667 shares, a decrease of 45.1% from the July 15th total of 90,412 shares. Based on an average daily volume of 68,584 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

Avantis U.S. Large Cap Equity ETF Trading Down 0.3%

AVLC traded down $0.27 during midday trading on Monday, hitting $92.67. 75,084 shares of the company were exchanged, compared to its average volume of 65,396. The company’s 50 day simple moving average is $89.66 and its 200 day simple moving average is $85.16. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 22.04 and a beta of 1.01. Avantis U.S. Large Cap Equity ETF has a 1-year low of $72.84 and a 1-year high of $93.55.

Institutional Trading of Avantis U.S. Large Cap Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in Avantis U.S. Large Cap Equity ETF in the second quarter valued at approximately $514,000. MML Investors Services LLC grew its stake in shares of Avantis U.S. Large Cap Equity ETF by 3.7% during the 2nd quarter. MML Investors Services LLC now owns 82,995 shares of the company’s stock worth $5,896,000 after purchasing an additional 2,935 shares during the period. Visionary Wealth Advisors increased its holdings in shares of Avantis U.S. Large Cap Equity ETF by 140.5% during the 2nd quarter. Visionary Wealth Advisors now owns 117,783 shares of the company’s stock valued at $8,367,000 after purchasing an additional 68,816 shares in the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Avantis U.S. Large Cap Equity ETF by 15.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 600,224 shares of the company’s stock valued at $45,923,000 after purchasing an additional 78,356 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Avantis U.S. Large Cap Equity ETF in the 3rd quarter valued at $248,000.

Avantis U.S. Large Cap Equity ETF Company Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.