Short Interest in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) Drops By 71.3%

Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 319 shares, a decrease of 71.3% from the February 12th total of 1,110 shares. Based on an average daily trading volume, of 652 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 652 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Avantis Inflation Focused Equity ETF

An institutional investor recently raised its position in Avantis Inflation Focused Equity ETF stock. Geneos Wealth Management Inc. grew its stake in Avantis Inflation Focused Equity ETF (NYSEARCA:AVIE) by 10.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,717 shares of the company’s stock after buying an additional 337 shares during the quarter. Geneos Wealth Management Inc. owned 3.72% of Avantis Inflation Focused Equity ETF worth $245,000 as of its most recent filing with the SEC.

Avantis Inflation Focused Equity ETF Stock Performance

Shares of Avantis Inflation Focused Equity ETF stock traded up $0.13 on Wednesday, reaching $72.39. The company had a trading volume of 766 shares, compared to its average volume of 1,125. The firm’s 50 day moving average price is $70.60 and its two-hundred day moving average price is $66.25. Avantis Inflation Focused Equity ETF has a 52-week low of $56.29 and a 52-week high of $74.79. The firm has a market cap of $7.24 million, a PE ratio of 17.76 and a beta of 0.64.

Avantis Inflation Focused Equity ETF Company Profile

The Avantis Inflation Focused Equity ETF (AVIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed equity fund of US companies involved in sectors or industries that tend to outperform during periods of inflation. AVIE was launched on Sep 27, 2022 and is managed by American Century Investments.