Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) Sees Significant Drop in Short Interest

Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 40,083 shares, a drop of 35.9% from the August 15th total of 62,503 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 70,704 shares, the days-to-cover ratio is presently 0.6 days.

Avantis U.S. Large Cap Equity ETF Trading Up 1.0%

Shares of NYSEARCA AVLC traded up $0.93 during mid-day trading on Thursday, reaching $90.43. The company had a trading volume of 42,901 shares, compared to its average volume of 66,937. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 22.04 and a beta of 1.01. Avantis U.S. Large Cap Equity ETF has a 52 week low of $74.45 and a 52 week high of $93.55. The business’s 50-day moving average is $90.73 and its 200-day moving average is $86.77.

Hedge Funds Weigh In On Avantis U.S. Large Cap Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Financial Insights Inc. purchased a new position in Avantis U.S. Large Cap Equity ETF during the 2nd quarter valued at about $18,564,000. Beaird Harris Wealth Management LLC boosted its stake in shares of Avantis U.S. Large Cap Equity ETF by 13.0% during the second quarter. Beaird Harris Wealth Management LLC now owns 841,598 shares of the company’s stock valued at $75,710,000 after purchasing an additional 96,843 shares in the last quarter. Canvas Wealth Advisors LLC purchased a new position in Avantis U.S. Large Cap Equity ETF during the first quarter valued at approximately $6,781,000. Allworth Financial LP raised its stake in Avantis U.S. Large Cap Equity ETF by 27.7% in the second quarter. Allworth Financial LP now owns 323,092 shares of the company’s stock worth $29,065,000 after buying an additional 70,116 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Avantis U.S. Large Cap Equity ETF during the second quarter worth $4,017,000.

About Avantis U.S. Large Cap Equity ETF

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.