Avantis U.S. Equity ETF (NYSEARCA:AVUS) Stock Short Interest Jumps 163.0%

Avantis U.S. Equity ETF (NYSEARCA:AVUS) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 406,544 shares, an increase of 163.0% from the September 30th total of 154,607 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 389,990 shares, the days-to-cover ratio is presently 1.0 days.

Avantis U.S. Equity ETF Stock Down 1.4%

Shares of NYSEARCA AVUS traded down $1.79 during mid-day trading on Friday, hitting $128.13. 268,219 shares of the company were exchanged, compared to its average volume of 320,598. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 20.35 and a beta of 1.00. The stock has a 50 day simple moving average of $129.63 and a 200-day simple moving average of $123.42. Avantis U.S. Equity ETF has a 1-year low of $105.72 and a 1-year high of $132.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC raised its stake in shares of Avantis U.S. Equity ETF by 4.9% in the second quarter. HB Wealth Management LLC now owns 6,026,439 shares of the company’s stock valued at $771,865,000 after acquiring an additional 281,733 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in Avantis U.S. Equity ETF by 5.0% during the 2nd quarter. Annex Advisory Services LLC now owns 2,025,359 shares of the company’s stock worth $259,408,000 after purchasing an additional 96,288 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Avantis U.S. Equity ETF by 9.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,009,207 shares of the company’s stock worth $257,339,000 after purchasing an additional 177,765 shares during the last quarter. Financial Plan Inc. grew its position in Avantis U.S. Equity ETF by 4.4% during the 1st quarter. Financial Plan Inc. now owns 1,393,958 shares of the company’s stock worth $154,980,000 after acquiring an additional 58,317 shares during the last quarter. Finally, Modera Wealth Management LLC lifted its stake in shares of Avantis U.S. Equity ETF by 3.4% in the first quarter. Modera Wealth Management LLC now owns 1,027,703 shares of the company’s stock worth $114,260,000 after acquiring an additional 33,490 shares during the period.

Avantis U.S. Equity ETF Company Profile

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.