Avantis U.S. Quality ETF (NASDAQ:AVUQ) Sees Significant Increase in Short Interest

Avantis U.S. Quality ETF (NASDAQ:AVUQ) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 32,590 shares, a growth of 836.5% from the June 15th total of 3,480 shares. Based on an average trading volume of 27,576 shares, the short-interest ratio is currently 1.2 days. Currently, 0.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Avantis U.S. Quality ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVUQ. Sankala Group LLC purchased a new stake in shares of Avantis U.S. Quality ETF in the 4th quarter worth about $48,000. Plancorp LLC lifted its position in Avantis U.S. Quality ETF by 11.1% during the 4th quarter. Plancorp LLC now owns 3,995 shares of the company’s stock valued at $240,000 after acquiring an additional 400 shares during the period. Citadel Advisors LLC purchased a new position in Avantis U.S. Quality ETF during the 3rd quarter valued at about $298,000. EnRich Financial Partners LLC bought a new stake in Avantis U.S. Quality ETF during the fourth quarter worth about $397,000. Finally, Haven Private LLC bought a new stake in Avantis U.S. Quality ETF during the fourth quarter worth about $695,000.

Avantis U.S. Quality ETF Price Performance

AVUQ opened at $66.74 on Monday. The stock has a market cap of $280.31 million, a PE ratio of 29.10 and a beta of 1.16. The business has a 50 day moving average of $65.66 and a 200-day moving average of $62.04. Avantis U.S. Quality ETF has a 52 week low of $54.56 and a 52 week high of $67.78.

Avantis U.S. Quality ETF Increases Dividend

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

Avantis U.S. Quality ETF Company Profile

​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.