Short Interest in Avantis U.S. Quality ETF (NASDAQ:AVUQ) Declines By 79.1%

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,480 shares, a decrease of 79.1% from the May 31st total of 16,617 shares. Based on an average daily volume of 33,897 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Avantis U.S. Quality ETF Price Performance

Shares of NASDAQ:AVUQ traded up $1.05 during trading on Monday, hitting $65.15. The company’s stock had a trading volume of 18,299 shares, compared to its average volume of 15,810. The firm has a market cap of $228.03 million, a price-to-earnings ratio of 29.10 and a beta of 1.15. The company has a 50-day moving average of $65.19 and a 200-day moving average of $61.64. Avantis U.S. Quality ETF has a 12 month low of $53.71 and a 12 month high of $67.78.

Avantis U.S. Quality ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, June 9th were given a $0.0652 dividend. The ex-dividend date was Tuesday, June 9th. This is a boost from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.04. This represents a $0.26 annualized dividend and a yield of 0.4%.

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

Hedge funds have recently modified their holdings of the business. Sankala Group LLC bought a new position in Avantis U.S. Quality ETF in the 4th quarter worth $48,000. Plancorp LLC increased its position in Avantis U.S. Quality ETF by 11.1% in the fourth quarter. Plancorp LLC now owns 3,995 shares of the company’s stock worth $240,000 after buying an additional 400 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Avantis U.S. Quality ETF in the third quarter worth about $298,000. EnRich Financial Partners LLC bought a new position in shares of Avantis U.S. Quality ETF in the fourth quarter worth about $397,000. Finally, Haven Private LLC bought a new position in shares of Avantis U.S. Quality ETF in the fourth quarter worth about $695,000.

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.